Q4 2024 EPS Estimates for Ferroglobe PLC Reduced by Analyst (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) – Equities research analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of Ferroglobe in a report released on Tuesday, August 6th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.03. The consensus estimate for Ferroglobe’s current full-year earnings is $0.24 per share. Seaport Res Ptn also issued estimates for Ferroglobe’s Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.10 EPS.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Ferroglobe had a net margin of 3.92% and a return on equity of 15.06%. The company had revenue of $451.05 million for the quarter, compared to the consensus estimate of $425.55 million. During the same period last year, the company posted $0.30 EPS.

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

Ferroglobe Trading Up 4.3 %

GSM traded up $0.19 during trading on Thursday, reaching $4.61. 1,553,676 shares of the company’s stock were exchanged, compared to its average volume of 1,417,776. Ferroglobe has a one year low of $4.26 and a one year high of $6.78. The company has a current ratio of 1.74, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $864.07 million, a PE ratio of 13.56 and a beta of 1.87. The firm has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $5.25.

Institutional Investors Weigh In On Ferroglobe

A number of institutional investors have recently modified their holdings of GSM. Counterpoint Mutual Funds LLC acquired a new position in shares of Ferroglobe during the 4th quarter valued at $247,000. Jump Financial LLC acquired a new position in shares of Ferroglobe during the 4th quarter valued at $575,000. Principal Financial Group Inc. acquired a new position in shares of Ferroglobe during the 4th quarter valued at $366,000. First Eagle Investment Management LLC lifted its position in shares of Ferroglobe by 20.9% during the 4th quarter. First Eagle Investment Management LLC now owns 1,492,360 shares of the basic materials company’s stock valued at $9,715,000 after acquiring an additional 258,047 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Ferroglobe during the 4th quarter valued at $109,000. 89.64% of the stock is owned by institutional investors.

Ferroglobe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, September 20th. Ferroglobe’s dividend payout ratio is currently 14.71%.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry 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, 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.