FY2024 EPS Estimates for Ferroglobe Lowered by Analyst

Ferroglobe PLC (NASDAQ:GSM) – Equities research analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for Ferroglobe in a report issued 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 issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%.

Ferroglobe Stock Performance

Shares of Ferroglobe stock opened at $3.82 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $3.94 and a 200 day simple moving average of $4.23. Ferroglobe has a fifty-two week low of $3.68 and a fifty-two week high of $6.19. The firm has a market cap of $717.70 million, a P/E ratio of 15.92 and a beta of 1.83.

Institutional Investors Weigh In On Ferroglobe

Several hedge funds and other institutional investors have recently made changes to their positions in GSM. Donald Smith & CO. Inc. boosted its holdings in Ferroglobe by 852.2% in 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 acquiring an additional 5,326,051 shares during the last quarter. Old West Investment Management LLC boosted its stake in shares of Ferroglobe by 233.4% in 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 purchasing an additional 2,631,024 shares during the last quarter. Bank of Montreal Can grew its position in shares of Ferroglobe by 234.5% during the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after buying an additional 2,442,507 shares during the period. CenterBook Partners LP bought a new stake in shares of Ferroglobe during the fourth quarter worth approximately $8,363,000. Finally, Lloyd Harbor Capital Management LLC acquired a new position in Ferroglobe in the fourth quarter valued at approximately $5,605,000. 89.64% of the stock is owned by institutional investors and hedge funds.

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.