Ferroglobe (NASDAQ:GSM) Issues Quarterly Earnings Results

Ferroglobe (NASDAQ:GSM) posted its quarterly 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 return on equity of 15.06% and a net margin of 3.92%. The business had revenue of $451.05 million for the quarter, compared to the consensus estimate of $425.55 million. During the same quarter in the previous year, the business earned $0.30 EPS.

Ferroglobe Trading Down 4.0 %

Shares of GSM traded down $0.19 during midday trading on Wednesday, hitting $4.61. 820,987 shares of the stock were exchanged, compared to its average volume of 1,396,726. The firm has a market cap of $864.07 million, a P/E ratio of 13.76 and a beta of 1.87. The stock has a fifty day simple moving average of $5.53 and a 200 day simple moving average of $5.27. Ferroglobe has a 52-week low of $4.26 and a 52-week high of $6.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.74.

Ferroglobe Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.