Ferroglobe (GSM) Scheduled to Post Quarterly Earnings on Monday

Ferroglobe (NASDAQ:GSM) is scheduled to be announcing its Q3 earnings results before the market opens on Monday, November 26th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Tuesday, August 21st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Ferroglobe had a net margin of 6.44% and a return on equity of 8.53%. The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $608.91 million. During the same period in the previous year, the business earned $0.05 EPS. Ferroglobe’s revenue for the quarter was up 36.9% compared to the same quarter last year. On average, analysts expect Ferroglobe to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of GSM stock opened at $4.72 on Friday. Ferroglobe has a 1-year low of $4.51 and a 1-year high of $17.61. The stock has a market cap of $867.62 million, a P/E ratio of 36.31 and a beta of 1.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 1.75.

A number of equities research analysts recently weighed in on GSM shares. BidaskClub raised Ferroglobe from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 21st. Jefferies Financial Group set a $10.00 price objective on Ferroglobe and gave the company a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research downgraded Ferroglobe from a “hold” rating to a “sell” rating in a research report on Monday, November 19th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Ferroglobe in a research report on Thursday, November 15th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.20.

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About Ferroglobe

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals 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.

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Earnings History for Ferroglobe (NASDAQ:GSM)

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