B. Riley Estimates Ferroglobe’s Q4 Earnings (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) – Stock analysts at B. Riley cut their Q4 2024 EPS estimates for shares of Ferroglobe in a research note issued to investors on Friday, November 8th. B. Riley analyst L. Pipes now forecasts that the basic materials company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.02. The consensus estimate for Ferroglobe’s current full-year earnings is $0.28 per share. B. Riley also issued estimates for Ferroglobe’s Q1 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $0.62 EPS.

Separately, StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th.

Ferroglobe Stock Performance

GSM opened at $4.18 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02. The company has a market cap of $783.46 million, a price-to-earnings ratio of 17.42 and a beta of 1.88. The company’s 50 day moving average is $4.36 and its 200 day moving average is $5.00. Ferroglobe has a 12-month low of $4.07 and a 12-month high of $6.78.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $433.53 million for the quarter, compared to analysts’ expectations of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.66%. During the same period in the previous year, the business earned $0.27 EPS.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, December 20th. Ferroglobe’s payout ratio is 20.83%.

Hedge Funds Weigh In On Ferroglobe

A number of institutional investors and hedge funds have recently made changes to their positions in GSM. Covestor Ltd lifted its holdings in Ferroglobe by 266.1% during the first quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,864 shares in the last quarter. Virtu Financial LLC purchased a new position in Ferroglobe during the first quarter valued at approximately $53,000. Legacy Capital Group California Inc. purchased a new position in Ferroglobe during the second quarter valued at approximately $60,000. Hood River Capital Management LLC purchased a new position in Ferroglobe during the first quarter valued at approximately $73,000. Finally, Banco Santander S.A. purchased a new position in Ferroglobe during the second quarter valued at approximately $80,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Company Profile

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.