Q4 EPS Estimates for Ferroglobe Raised by Seaport Res Ptn

Ferroglobe PLC (NASDAQ:GSM) – Analysts at Seaport Res Ptn lifted their Q4 2024 earnings estimates for shares of Ferroglobe in a research note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst M. Englert now forecasts that the basic materials company will post earnings per share of $0.02 for the quarter, up from their previous 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.

Ferroglobe Stock Down 5.0 %

GSM stock opened at $3.63 on Friday. 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 stock has a market capitalization of $682.00 million, a P/E ratio of 181.50 and a beta of 1.83. The business has a fifty day moving average price of $3.94 and a 200-day moving average price of $4.23. Ferroglobe has a 1-year low of $3.63 and a 1-year high of $6.19.

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

Institutional Trading of Ferroglobe

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

Ferroglobe Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 20th will be given a dividend of $0.014 per share. This is a positive change from Ferroglobe’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, March 20th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.54%. Ferroglobe’s dividend payout ratio is currently 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.