$0.07 EPS Expected for Ferroglobe PLC (GSM)

February 15, 2018 - By Henry Gaston

 $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 $12.04 million giving it 56.14 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 increased 0.51% or $0.08 during the last trading session, reaching $15.72. About 168,092 shares traded. Ferroglobe PLC (NASDAQ:GSM) has risen 6.84% since February 15, 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. Jefferies maintained Ferroglobe PLC (NASDAQ:GSM) rating on Tuesday, November 28. Jefferies has “Buy” rating and $18.25 target. The stock of Ferroglobe PLC (NASDAQ:GSM) earned “Buy” rating by B. Riley & Co on Monday, March 13. The rating was maintained by Jefferies with “Buy” on Friday, August 18. The firm earned “Neutral” rating on Thursday, August 25 by B. Riley & Co. The stock of Ferroglobe PLC (NASDAQ:GSM) earned “Buy” rating by Stifel Nicolaus on Monday, August 29. Jefferies maintained it with “Buy” rating and $16.75 target in Wednesday, October 4 report. As per Monday, August 29, the company rating was maintained by Briley. Oppenheimer maintained the stock with “Buy” rating in Wednesday, August 9 report. The firm has “Buy” rating given on Friday, September 1 by Stifel Nicolaus. On Monday, March 21 the stock rating was maintained by JP Morgan with “Overweight”.

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company has market cap of $2.70 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 Announces Insider Buying” on December 06, 2017, also Globenewswire.com with their article: “Ferroglobe Reports Results for Third Quarter 2017” published on November 27, 2017, Fool.com published: “Why Ferroglobe PLC Stock Just Jumped 9%” on May 22, 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 Announces Inaugural Investor Day” with publication date: September 22, 2017.

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