B. Riley Brokers Reduce Earnings Estimates for Ferroglobe

Ferroglobe PLC (NASDAQ:GSM) – B. Riley decreased their Q4 2024 EPS estimates for Ferroglobe in a report issued on Friday, November 8th. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.02. The consensus estimate for Ferroglobe’s current full-year earnings is $0.28 per share. B. Riley also issued estimates for Ferroglobe’s Q1 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $0.62 EPS.

Separately, StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

Ferroglobe Trading Down 0.2 %

NASDAQ:GSM opened at $4.17 on Monday. The stock has a market cap of $781.58 million, a price-to-earnings ratio of 17.08 and a beta of 1.88. Ferroglobe has a one year low of $4.07 and a one year high of $6.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.83. The business’s 50-day simple moving average is $4.36 and its 200 day simple moving average is $5.00.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The company had revenue of $433.53 million for the quarter, compared to analyst estimates of $443.50 million. During the same quarter in the prior year, the firm earned $0.27 EPS.

Institutional Trading of Ferroglobe

A number of large investors have recently modified their holdings of GSM. Covestor Ltd increased its position in Ferroglobe by 266.1% in the 1st quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 3,864 shares during the period. Virtu Financial LLC bought a new position in shares of Ferroglobe in the first quarter worth $53,000. Legacy Capital Group California Inc. acquired a new position in shares of Ferroglobe during the second quarter valued at $60,000. Hood River Capital Management LLC bought a new stake in shares of Ferroglobe during the first quarter valued at about $73,000. Finally, Banco Santander S.A. bought a new stake in shares of Ferroglobe during the second quarter valued at about $80,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be paid a $0.013 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.05 dividend on an annualized basis and a yield of 1.25%. Ferroglobe’s payout ratio is currently 20.83%.

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.