$0.07 EPS Expected for Ferroglobe PLC (GSM)

February 20, 2018 - By Ellis Scott

 $0.07 EPS Expected for Ferroglobe PLC (GSM)

Analysts expect Ferroglobe PLC (NASDAQ:GSM) to report $0.07 EPS on March, 15.They anticipate $0.16 EPS change or 177.78 % from last quarter’s $-0.09 EPS. GSM’s profit would be $12.04M giving it 55.54 P/E if the $0.07 EPS is correct. After having $0.05 EPS previously, Ferroglobe PLC’s analysts see 40.00 % EPS growth. The stock decreased 0.77% or $0.12 during the last trading session, reaching $15.55. About 306,361 shares traded. Ferroglobe PLC (NASDAQ:GSM) has risen 6.84% since February 20, 2017 and is uptrending. It has underperformed by 9.86% the S&P500.

Ferroglobe PLC (NASDAQ:GSM) Ratings Coverage

Among 9 analysts covering Globe Specialty Metals (NASDAQ:GSM), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Globe Specialty Metals had 29 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by B. Riley & Co given on Monday, March 13. The rating was maintained by JP Morgan with “Overweight” on Monday, March 21. The company was maintained on Thursday, October 26 by Stifel Nicolaus. Stifel Nicolaus maintained Ferroglobe PLC (NASDAQ:GSM) on Tuesday, November 3 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Monday, January 11. Stifel Nicolaus maintained Ferroglobe PLC (NASDAQ:GSM) rating on Wednesday, November 29. Stifel Nicolaus has “Buy” rating and $23.0 target. B. Riley & Co downgraded the stock to “Neutral” rating in Thursday, August 25 report. The rating was downgraded by JP Morgan on Tuesday, November 15 to “Neutral”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 29. FBR Capital maintained the stock with “Buy” rating in Wednesday, November 29 report.

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company has market cap of $2.67 billion. The firm offers silicon metals that are used in personal care items, construction-related products, health care products, and electronics, as well as used in the manufacture of silicone chemicals; 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. It currently has negative earnings. It also provides ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; silico calcium, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal; nodularizers and inoculants, which are used in the production of iron; and silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon.

More notable recent Ferroglobe PLC (NASDAQ:GSM) news were published by: Globenewswire.com which released: “Ferroglobe Update on Silicon Metal Trade Case in Canada” on November 03, 2017, also Globenewswire.com with their article: “Ferroglobe Announces José María Alapont Appointed to the Board” published on January 24, 2018, Globenewswire.com published: “Ferroglobe Announces Insider Buying” on December 06, 2017. More interesting news about Ferroglobe PLC (NASDAQ:GSM) were released by: Globenewswire.com and their article: “Ferroglobe Acquires Glencore European Manganese Plants in France and Norway …” published on November 21, 2017 as well as Globenewswire.com‘s news article titled: “Ferroglobe completes the acquisition of Glencore’s European Manganese Plants …” with publication date: February 01, 2018.

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