Ferroglobe (GSM) Set to Announce Quarterly Earnings on Wednesday

Ferroglobe (NASDAQ:GSM) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Ferroglobe to post earnings of $0.16 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $451.05 million for the quarter, compared to the consensus estimate of $425.55 million. Ferroglobe had a net margin of 4.11% and a return on equity of 11.27%. During the same quarter last year, the firm posted $0.30 earnings per share. On average, analysts expect Ferroglobe to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ferroglobe Stock Performance

GSM opened at $4.28 on Wednesday. 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 $802.22 million, a price-to-earnings ratio of 12.59 and a beta of 1.83. The company’s 50 day moving average is $4.38 and its 200 day moving average is $5.05. Ferroglobe has a 12-month low of $4.07 and a 12-month high of $6.78.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were issued a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, September 20th. Ferroglobe’s payout ratio is 14.71%.

Analyst Upgrades and Downgrades

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

About Ferroglobe

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.