Ferroglobe (NASDAQ:GSM) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Ferroglobe (NASDAQ:GSM) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04, Zacks reports. Ferroglobe had a return on equity of 6.24% and a net margin of 0.32%. The company had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million.

Ferroglobe Stock Performance

GSM opened at $3.63 on Friday. Ferroglobe has a twelve month low of $3.63 and a twelve month high of $6.19. The firm has a market capitalization of $682.00 million, a PE ratio of 181.50 and a beta of 1.83. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $3.94 and its 200 day moving average price is $4.23.

Ferroglobe Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th will be paid a $0.014 dividend. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, March 20th. Ferroglobe’s dividend payout ratio (DPR) is currently 250.00%.

About Ferroglobe

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.