Analysts expect that Ferroglobe PLC (NASDAQ:GSM) will announce $426.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Ferroglobe PLC’s earnings, with estimates ranging from $405.30 million to $448.80 million. Ferroglobe PLC posted sales of $397.95 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Ferroglobe PLC will report full-year sales of $426.79 million for the current financial year, with estimates ranging from $1.62 billion to $1.74 billion. For the next financial year, analysts anticipate that the company will post sales of $1.89 billion per share, with estimates ranging from $1.75 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ferroglobe PLC.
Several equities analysts have weighed in on GSM shares. Zacks Investment Research downgraded Ferroglobe PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, March 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price target (down from $14.50) on shares of Ferroglobe PLC in a report on Saturday, March 11th. B. Riley reaffirmed a “buy” rating and issued a $14.25 price target on shares of Ferroglobe PLC in a report on Monday, March 13th. ValuEngine raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, TheStreet downgraded Ferroglobe PLC from a “c-” rating to a “d” rating in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $12.54.
Hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new stake in Ferroglobe PLC during the first quarter worth approximately $100,000. Budros Ruhlin & Roe Inc. bought a new stake in Ferroglobe PLC during the first quarter worth approximately $120,000. GSA Capital Partners LLP raised its stake in Ferroglobe PLC by 17.8% in the fourth quarter. GSA Capital Partners LLP now owns 12,100 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,830 shares during the last quarter. Invictus RG bought a new stake in Ferroglobe PLC during the first quarter worth approximately $154,000. Finally, Parkwood LLC bought a new stake in Ferroglobe PLC during the first quarter worth approximately $162,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Ferroglobe PLC (GSM) traded up 1.67% on Thursday, reaching $12.15. 523,133 shares of the company’s stock traded hands. Ferroglobe PLC has a 52 week low of $7.67 and a 52 week high of $12.53. The firm’s market capitalization is $2.09 billion. The firm’s 50 day moving average is $10.40 and its 200 day moving average is $10.41.
Ferroglobe PLC Company Profile
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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