Equities analysts expect that Ferro Co. (NYSE:FOE) will announce earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ferro’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.43. Ferro posted earnings of $0.33 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.2%. The firm is scheduled to announce its next earnings results on Wednesday, November 7th.

On average, analysts expect that Ferro will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.60. For the next fiscal year, analysts forecast that the business will report earnings of $1.82 per share, with EPS estimates ranging from $1.70 to $1.95. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ferro.

Ferro (NYSE:FOE) last issued its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Ferro had a return on equity of 32.63% and a net margin of 4.34%. The business had revenue of $416.20 million during the quarter, compared to analysts’ expectations of $418.06 million. During the same period in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year.

Several brokerages have weighed in on FOE. Zacks Investment Research cut Ferro from a “buy” rating to a “hold” rating in a report on Monday, August 20th. Gabelli reiterated a “buy” rating on shares of Ferro in a report on Friday, July 27th. Finally, ValuEngine cut Ferro from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of FOE stock traded down $0.74 during mid-day trading on Friday, hitting $18.60. The stock had a trading volume of 1,884,851 shares, compared to its average volume of 420,944. Ferro has a 12-month low of $18.55 and a 12-month high of $25.50. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 0.94 and a beta of 1.70. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 2.12.

In other Ferro news, General Counsel Mark Hugo Duesenberg sold 11,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $22.49, for a total value of $247,390.00. Following the completion of the sale, the general counsel now directly owns 179,631 shares in the company, valued at approximately $4,039,901.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.26% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC bought a new position in shares of Ferro in the 1st quarter worth $100,000. SG Americas Securities LLC raised its position in shares of Ferro by 36.6% in the 1st quarter. SG Americas Securities LLC now owns 12,241 shares of the specialty chemicals company’s stock worth $284,000 after acquiring an additional 3,281 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Ferro in the 2nd quarter worth $287,000. Xact Kapitalforvaltning AB raised its position in shares of Ferro by 56.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 15,760 shares of the specialty chemicals company’s stock worth $366,000 after acquiring an additional 5,700 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Ferro by 46.0% in the 1st quarter. UBS Group AG now owns 16,846 shares of the specialty chemicals company’s stock worth $391,000 after acquiring an additional 5,309 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Ferro Company Profile

Ferro Corporation produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Earnings History and Estimates for Ferro (NYSE:FOE)

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