Ferroglobe (GSM) to Release Quarterly Earnings on Monday

Jun 27, 2023

Ferroglobe (NASDAQ:GSM - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, August 14th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $400.87 million during the quarter, compared to the consensus estimate of $399.95 million. Ferroglobe had a return on equity of 60.74% and a net margin of 14.42%. On average, analysts expect Ferroglobe to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GSM opened at $5.03 on Monday. The company has a market cap of $942.77 million, a PE ratio of 2.89 and a beta of 2.23. The business has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $4.69. Ferroglobe has a 52 week low of $3.64 and a 52 week high of $7.69. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.49.

Separately, StockNews.com assumed coverage on Ferroglobe in a research report on Thursday, May 18th. They issued a "buy" rating for the company.

A number of institutional investors have recently modified their holdings of GSM. BlackRock Inc. increased its stake in shares of Ferroglobe by 96.8% in the first quarter. BlackRock Inc. now owns 188,581 shares of the basic materials company's stock valued at $1,452,000 after purchasing an additional 92,757 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Ferroglobe by 49.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 181,863 shares of the basic materials company's stock valued at $1,400,000 after purchasing an additional 60,002 shares during the period. UBS Group AG increased its stake in shares of Ferroglobe by 1,187.9% in the first quarter. UBS Group AG now owns 33,627 shares of the basic materials company's stock valued at $259,000 after purchasing an additional 31,016 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Ferroglobe in the first quarter valued at approximately $598,000. Finally, State Street Corp boosted its holdings in shares of Ferroglobe by 4.6% in the first quarter. State Street Corp now owns 33,691 shares of the basic materials company's stock valued at $259,000 after acquiring an additional 1,477 shares in the last quarter. Institutional investors and hedge funds own 44.48% of the company's stock.

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.

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