$481.13 Million in Sales Expected for Ferroglobe PLC (GSM) This Quarter

Brokerages expect Ferroglobe PLC (NASDAQ:GSM) to report $481.13 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ferroglobe’s earnings. The lowest sales estimate is $434.60 million and the highest is $526.00 million. Ferroglobe reported sales of $560.70 million in the same quarter last year, which suggests a negative year-over-year growth rate of 14.2%. The business is expected to announce its next earnings report on Monday, May 20th.

On average, analysts expect that Ferroglobe will report full year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.94 billion to $2.01 billion. For the next year, analysts expect that the firm will report sales of $2.05 billion, with estimates ranging from $1.96 billion to $2.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Ferroglobe.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Monday, February 25th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Ferroglobe had a return on equity of 5.67% and a net margin of 3.94%. The firm had revenue of $603.50 million during the quarter, compared to analyst estimates of $486.22 million. During the same period in the prior year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year.

Several brokerages have recently commented on GSM. BidaskClub upgraded Ferroglobe from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded Ferroglobe from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine upgraded Ferroglobe from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Jefferies Financial Group cut Ferroglobe from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.74.

Ferroglobe stock traded up $0.04 during mid-day trading on Friday, hitting $2.15. 547,875 shares of the company were exchanged, compared to its average volume of 928,247. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market capitalization of $356.85 million, a P/E ratio of 7.68 and a beta of 2.12. Ferroglobe has a 1-year low of $1.47 and a 1-year high of $13.00.

A number of institutional investors have recently bought and sold shares of GSM. Trellus Management Company LLC increased its holdings in Ferroglobe by 20.1% in the fourth quarter. Trellus Management Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $52,000 after buying an additional 5,527 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Ferroglobe during the fourth quarter worth about $59,000. Virtu Financial LLC acquired a new position in Ferroglobe during the fourth quarter worth about $71,000. Legal & General Group Plc boosted its position in Ferroglobe by 339.8% during the fourth quarter. Legal & General Group Plc now owns 65,900 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 50,915 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Ferroglobe during the fourth quarter worth about $112,000. 39.58% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Ferroglobe (NASDAQ:GSM)

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