Somewhat Negative Press Coverage Likely to Affect Ferro Corporation (NYSE:FOE) Share Price
Media headlines about Ferro Corporation (NYSE:FOE) have been trending somewhat negative recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferro Corporation earned a news sentiment score of -0.16 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 71 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Ferro Co. (NYSE:FOE) Expected to Earn Q4 2018 Earnings of $0.32 Per Share (americanbankingnews.com)
- Heico Corporation (HEI) Receives $83.63 Average Price Target from Brokerages (elcumanes.com)
- Fortissimo Sells Dip-Tech to Ferro Corp. (FOE) (streetinsider.com)
- Ferro Acquires Leading Technology for Printing on Glass Substrates (finance.yahoo.com)
- Q3 2017 Earnings Estimate for Ferro Corporation (FOE) Issued By Seaport Global Securities (americanbankingnews.com)
Ferro Corporation (NYSE FOE) traded up 1.40% during trading on Friday, hitting $19.56. 443,868 shares of the company traded hands. The company’s 50-day moving average is $18.44 and its 200 day moving average is $16.27. Ferro Corporation has a 52-week low of $12.35 and a 52-week high of $20.34. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 138.72 and a beta of 2.02.
Ferro Corporation (NYSE:FOE) last posted its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The firm had revenue of $348.60 million for the quarter, compared to analyst estimates of $336.14 million. During the same period last year, the firm posted $0.34 EPS. Ferro Corporation’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that Ferro Corporation will post $1.27 earnings per share for the current year.
FOE has been the subject of several recent research reports. TheStreet upgraded shares of Ferro Corporation from a “c” rating to a “b” rating in a report on Thursday, April 27th. Longbow Research upgraded shares of Ferro Corporation from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, June 5th. Zacks Investment Research upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, May 9th. BidaskClub upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG boosted their price target on shares of Ferro Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, April 28th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $20.40.
Ferro Corporation 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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