Media headlines about Ferro Corporation (NYSE:FOE) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferro Corporation earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 25 out of 100, indicating that recent news coverage is very unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Ferro : beats 2Q profit forecasts (4-traders.com)
- Ferro Corporation’s (FOE) CEO Peter Thomas on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of FOE earnings conference call or presentation 27-Jul-17 2:00pm GMT (finance.yahoo.com)
- Ferro Corporation (FOE) Expected to Post Quarterly Sales of $323.41 Million (americanbankingnews.com)
- Newmont Mining Corporation (NYSE:NEM) Insider Sells 1000 Shares of Stock (bulhufas.com)
FOE has been the topic of a number of research reports. Zacks Investment Research upgraded Ferro Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, May 9th. Deutsche Bank AG boosted their price objective on Ferro Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. BidaskClub lowered Ferro Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet upgraded Ferro Corporation from a “c” rating to a “b” rating in a research report on Thursday, April 27th. Finally, Longbow Research upgraded Ferro Corporation from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.80.
Shares of Ferro Corporation (FOE) opened at 19.03 on Friday. The company’s 50 day moving average price is $18.41 and its 200 day moving average price is $16.18. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 134.96 and a beta of 2.00. Ferro Corporation has a 12 month low of $12.35 and a 12 month high of $20.34.
Ferro Corporation (NYSE:FOE) last issued its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The business had revenue of $348.60 million for the quarter, compared to the consensus estimate of $336.14 million. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts expect that Ferro Corporation will post $1.22 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Favorable Press Coverage Very Unlikely to Impact Ferro Corporation (FOE) Stock Price” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/30/ferro-corporation-foe-earning-favorable-news-coverage-analysis-finds-updated-updated-updated.html.
Ferro Corporation Company Profile
Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.
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