Ferroglobe (GSM) Posts Quarterly Earnings Results
Ferroglobe (NASDAQ:GSM) announced its quarterly earnings results on Monday. The basic materials company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02), Briefing.com reports. The firm had revenue of $456.79 million during the quarter, compared to analyst estimates of $481.09 million. Ferroglobe had a net margin of 3.94% and a return on equity of 5.67%. Ferroglobe’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS.
Ferroglobe stock opened at $1.51 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $250.30 million, a PE ratio of 5.39 and a beta of 2.26. Ferroglobe has a 12-month low of $1.44 and a 12-month high of $10.80.
Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Ferroglobe from a “sell” rating to a “strong sell” rating in a report on Friday, May 24th. B. Riley set a $4.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a report on Friday, May 17th. Zacks Investment Research upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine cut shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.18.
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Ferroglobe Company Profile
Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.
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