Ferroglobe (NASDAQ:GSM) Announces Earnings Results

Ferroglobe (NASDAQ:GSM) announced its earnings results on Monday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05, Zacks reports. Ferroglobe had a return on equity of 15.06% and a net margin of 3.92%. The firm had revenue of $451.05 million during the quarter, compared to analyst estimates of $425.55 million. During the same quarter in the prior year, the company earned $0.30 EPS.

Ferroglobe Stock Down 2.9 %

GSM traded down $0.14 during trading on Wednesday, hitting $4.66. 163,464 shares of the company’s stock traded hands, compared to its average volume of 1,392,372. The company’s 50 day simple moving average is $5.53 and its two-hundred day simple moving average is $5.27. The company has a current ratio of 1.74, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. Ferroglobe has a 12-month low of $4.26 and a 12-month high of $6.78. The stock has a market capitalization of $873.44 million, a price-to-earnings ratio of 13.76 and a beta of 1.87.

Ferroglobe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.013 per share. The ex-dividend date is Friday, September 20th. This represents a $0.05 annualized dividend and a yield of 1.12%. Ferroglobe’s dividend payout ratio is 14.71%.

Analyst Upgrades and Downgrades

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

About Ferroglobe

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.