Q4 2024 EPS Estimates for Ferroglobe PLC Reduced by Analyst (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) – Seaport Res Ptn lowered their Q4 2024 earnings per share estimates for Ferroglobe in a research note issued on Tuesday, August 6th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for Ferroglobe’s current full-year earnings is $0.24 per share. Seaport Res Ptn also issued estimates for Ferroglobe’s Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.10 EPS.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Ferroglobe had a return on equity of 15.06% and a net margin of 3.92%. The business had revenue of $451.05 million during the quarter, compared to analyst estimates of $425.55 million. During the same period last year, the business posted $0.30 earnings per share.

Separately, StockNews.com upgraded Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday.

Ferroglobe Stock Up 4.3 %

Shares of NASDAQ GSM traded up $0.19 during mid-day trading on Thursday, hitting $4.61. The company had a trading volume of 1,553,676 shares, compared to its average volume of 1,417,776. The company has a market capitalization of $864.07 million, a PE ratio of 13.56 and a beta of 1.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.02. Ferroglobe has a 1-year low of $4.26 and a 1-year high of $6.78. The business’s 50-day simple moving average is $5.45 and its 200 day simple moving average is $5.25.

Ferroglobe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be issued a $0.013 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, September 20th. Ferroglobe’s payout ratio is currently 14.71%.

Hedge Funds Weigh In On Ferroglobe

Several institutional investors have recently added to or reduced their stakes in the stock. Hosking Partners LLP increased its position in Ferroglobe by 48.7% in the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after acquiring an additional 2,981,907 shares during the period. Masters Capital Management LLC increased its position in Ferroglobe by 37.0% during the 1st quarter. Masters Capital Management LLC now owns 3,150,000 shares of the basic materials company’s stock worth $15,687,000 after purchasing an additional 850,000 shares during the period. Grizzlyrock Capital LLC acquired a new position in Ferroglobe during the 4th quarter worth approximately $19,467,000. Tyro Capital Management LLC increased its position in Ferroglobe by 79.4% during the 1st quarter. Tyro Capital Management LLC now owns 1,992,274 shares of the basic materials company’s stock worth $9,922,000 after purchasing an additional 881,976 shares during the period. Finally, First Eagle Investment Management LLC increased its position in Ferroglobe by 8.6% during the 1st quarter. First Eagle Investment Management LLC now owns 1,620,155 shares of the basic materials company’s stock worth $8,068,000 after purchasing an additional 127,795 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.