Seaport Res Ptn Forecasts Reduced Earnings for Ferroglobe

Ferroglobe PLC (NASDAQ:GSM) – Seaport Res Ptn decreased their FY2024 earnings per share estimates for shares of Ferroglobe in a report released on Tuesday, February 18th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $0.26 for the year, down from their previous estimate of $0.28. The consensus estimate for Ferroglobe’s current full-year earnings is $0.28 per share. Seaport Res Ptn also issued estimates for Ferroglobe’s Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.08 EPS and FY2027 earnings at $0.68 EPS.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The firm had revenue of $367.51 million during the quarter, compared to analyst estimates of $393.00 million.

Ferroglobe Price Performance

Shares of Ferroglobe stock opened at $3.63 on Thursday. The stock’s fifty day moving average is $3.94 and its 200 day moving average is $4.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83. Ferroglobe has a one year low of $3.63 and a one year high of $6.19. The stock has a market cap of $682.00 million, a P/E ratio of 15.13 and a beta of 1.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of Ferroglobe in the fourth quarter worth $37,000. Raymond James Financial Inc. purchased a new position in Ferroglobe during the fourth quarter worth $42,000. LPL Financial LLC bought a new position in Ferroglobe during the 4th quarter valued at about $42,000. Barclays PLC purchased a new position in shares of Ferroglobe during the third quarter valued at approximately $44,000. Finally, RPO LLC bought a new position in Ferroglobe in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.014 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.06 annualized dividend and a yield of 1.54%. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. Ferroglobe’s payout ratio is currently 20.83%.

Ferroglobe Company Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.