Ferroglobe (NASDAQ:GSM) Posts Earnings Results, Beats Expectations By $0.05 EPS

Ferroglobe (NASDAQ:GSM) issued its earnings results on Monday. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05, Zacks reports. Ferroglobe had a net margin of 3.92% and a return on equity of 15.06%. The firm had revenue of $451.05 million for the quarter, compared to analysts’ expectations of $425.55 million. During the same quarter last year, the company earned $0.30 earnings per share.

Ferroglobe Stock Down 4.2 %

Shares of Ferroglobe stock traded down $0.20 during trading hours on Wednesday, hitting $4.60. The company had a trading volume of 1,586,530 shares, compared to its average volume of 1,401,796. The company’s 50-day moving average is $5.53 and its two-hundred day moving average is $5.27. Ferroglobe has a twelve month low of $4.26 and a twelve month high of $6.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.02. The company has a market cap of $862.20 million, a P/E ratio of 13.76 and a beta of 1.87.

Ferroglobe Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd.

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.