Q4 EPS Estimates for Ferroglobe Increased by Seaport Res Ptn

Ferroglobe PLC (NASDAQ:GSM) – Investment analysts at Seaport Res Ptn raised their Q4 2024 earnings estimates for Ferroglobe in a research note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $0.02 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Ferroglobe’s current full-year earnings is $0.49 per share. Seaport Res Ptn also issued estimates for Ferroglobe’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.55 EPS.

Separately, StockNews.com lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday.

Ferroglobe Trading Down 4.0 %

NASDAQ:GSM opened at $3.49 on Friday. The stock has a fifty day simple moving average of $3.93 and a 200 day simple moving average of $4.23. The firm has a market capitalization of $654.76 million, a price-to-earnings ratio of 174.25 and a beta of 1.83. Ferroglobe has a 1-year low of $3.45 and a 1-year high of $6.19. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $367.51 million during the quarter, compared to analyst estimates of $393.00 million. Ferroglobe had a return on equity of 6.24% and a net margin of 0.32%.

Institutional Trading of Ferroglobe

Hedge funds have recently modified their holdings of the business. Donald Smith & CO. Inc. raised its position in Ferroglobe by 852.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company’s stock valued at $22,614,000 after buying an additional 5,326,051 shares during the period. Old West Investment Management LLC grew its stake in Ferroglobe by 233.4% during the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after acquiring an additional 2,631,024 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Ferroglobe by 234.5% in the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after purchasing an additional 2,442,507 shares during the period. CenterBook Partners LP purchased a new stake in shares of Ferroglobe in the fourth quarter worth approximately $8,363,000. Finally, Lloyd Harbor Capital Management LLC acquired a new stake in shares of Ferroglobe during the fourth quarter worth approximately $5,605,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 1.61%. This is a boost from Ferroglobe’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, March 20th. Ferroglobe’s payout ratio is presently 250.00%.

About Ferroglobe

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.