News stories about Ferro (NYSE:FOE) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferro earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 46.5135574856007 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ferroglobe Announces Insider Buying (markets.financialcontent.com)
- China Non-Ferrous Metals Market Report 2017 – Analysis and Forecast 2007-2025 – Research and Markets (markets.financialcontent.com)
- Zacks: Analysts Anticipate Ferro Corporation (FOE) Will Announce Quarterly Sales of $334.85 Million (americanbankingnews.com)
- Ferro (FOE) Downgraded by ValuEngine to “Buy” (americanbankingnews.com)
- Ferro Corporation (FOE) Expected to Announce Earnings of $0.28 Per Share (americanbankingnews.com)
Ferro (NYSE FOE) traded down $0.03 on Thursday, reaching $23.67. The company’s stock had a trading volume of 468,787 shares, compared to its average volume of 518,116. The firm has a market capitalization of $2,014.25, a price-to-earnings ratio of 18.77 and a beta of 1.90. Ferro has a 52 week low of $13.55 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.53 and a current ratio of 2.48.
Ferro (NYSE:FOE) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $350.01 million for the quarter, compared to analyst estimates of $332.28 million. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. sell-side analysts predict that Ferro will post 1.29 earnings per share for the current fiscal year.
FOE has been the subject of several recent research reports. Zacks Investment Research cut Ferro from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Longbow Research reiterated a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of Ferro in a research note on Wednesday, August 23rd. Finally, KeyCorp restated a “buy” rating and set a $23.00 target price on shares of Ferro in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $23.60.
In related news, Director Marran H. Ogilvie bought 2,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $23.60 per share, with a total value of $47,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter T. Thomas sold 22,182 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $22.83, for a total value of $506,415.06. Following the completion of the transaction, the chief executive officer now directly owns 374,158 shares in the company, valued at approximately $8,542,027.14. The disclosure for this sale can be found here. Insiders own 2.02% of the company’s stock.
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Ferro Company Profile
Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.
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