What is B. Riley’s Forecast for Ferroglobe Q4 Earnings?

Ferroglobe PLC (NASDAQ:GSM) – Equities researchers at B. Riley decreased their Q4 2024 earnings per share estimates for shares of Ferroglobe in a report released on Friday, November 8th. B. Riley analyst L. Pipes now expects that the basic materials company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.02. The consensus estimate for Ferroglobe’s current full-year earnings is $0.28 per share. B. Riley also issued estimates for Ferroglobe’s Q1 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $0.62 EPS.

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

Ferroglobe Price Performance

Shares of Ferroglobe stock opened at $4.10 on Monday. The stock has a market capitalization of $768.48 million, a P/E ratio of 17.08 and a beta of 1.88. The business has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average of $5.00. Ferroglobe has a 12 month low of $4.00 and a 12 month high of $6.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 0.91.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The company had revenue of $433.53 million for the quarter, compared to analyst estimates of $443.50 million. During the same quarter last year, the company earned $0.27 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hosking Partners LLP boosted its position in shares of Ferroglobe by 48.7% during the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after acquiring an additional 2,981,907 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Ferroglobe by 15.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock valued at $40,849,000 after buying an additional 1,003,918 shares during the period. Old West Investment Management LLC increased its holdings in shares of Ferroglobe by 233.4% during the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after buying an additional 2,631,024 shares during the last quarter. Masters Capital Management LLC raised its position in shares of Ferroglobe by 37.0% during the 1st quarter. Masters Capital Management LLC now owns 3,150,000 shares of the basic materials company’s stock valued at $15,687,000 after buying an additional 850,000 shares during the period. Finally, Thomist Capital Management LP lifted its holdings in Ferroglobe by 159.3% in the second quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after acquiring an additional 1,924,879 shares during the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a dividend of $0.013 per share. The ex-dividend date is Friday, December 20th. This represents a $0.05 annualized dividend and a yield of 1.27%. Ferroglobe’s dividend payout ratio is presently 20.83%.

Ferroglobe Company Profile

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.