Ferro Co. (NYSE:FOE) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.40.
FOE has been the topic of several recent analyst reports. Zacks Investment Research raised Ferro from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, December 27th. Northcoast Research reaffirmed a “buy” rating and set a $28.00 target price on shares of Ferro in a research report on Tuesday, March 6th. ValuEngine lowered Ferro from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Ferro in a research report on Tuesday, March 6th.
In other Ferro news, Chairman Peter T. Thomas sold 73,583 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.51, for a total transaction of $1,729,936.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark Hugo Duesenberg sold 12,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $24.08, for a total value of $288,960.00. Following the sale, the general counsel now owns 180,631 shares in the company, valued at approximately $4,349,594.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,583 shares of company stock worth $2,439,816. Company insiders own 2.02% of the company’s stock.
NYSE:FOE traded up $0.07 during mid-day trading on Friday, hitting $23.22. 504,905 shares of the company’s stock traded hands, compared to its average volume of 491,129. Ferro has a twelve month low of $14.63 and a twelve month high of $25.50. The firm has a market capitalization of $1,952.55, a P/E ratio of 18.00 and a beta of 1.76. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.32 and a quick ratio of 1.41.
Ferro (NYSE:FOE) last announced its earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Ferro had a return on equity of 33.58% and a net margin of 4.08%. The company had revenue of $377.54 million for the quarter, compared to analyst estimates of $336.94 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. analysts expect that Ferro will post 1.59 EPS for the current year.
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Ferro Corporation produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.
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