Ferro Corporation (FOE) Receives Coverage Optimism Rating of 0.14
Press coverage about Ferro Corporation (NYSE:FOE) has trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferro Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 46.6145801595837 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Q3 2017 Earnings Forecast for Ferro Corporation (FOE) Issued By Seaport Global Securities (americanbankingnews.com)
- Ferro : Announces Marran Ogilvie Joins Its Board of Directors (4-traders.com)
- Ferro Announces Marran Ogilvie Joins Its Board of Directors (finance.yahoo.com)
- Ferro Corporation (FOE) & Its Rivals Head to Head Analysis (americanbankingnews.com)
- Brokers Issue Forecasts for Ferro Corporation’s Q1 2018 Earnings (FOE) (americanbankingnews.com)
A number of brokerages have recently weighed in on FOE. Zacks Investment Research raised Ferro Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, October 13th. BidaskClub raised Ferro Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. KeyCorp reissued an “overweight” rating and issued a $27.00 price objective (up from $23.00) on shares of Ferro Corporation in a report on Friday, October 13th. Longbow Research reissued a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of Ferro Corporation in a report on Wednesday, August 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Ferro Corporation in a report on Monday, July 31st. Six research analysts have rated the stock with a buy rating, Ferro Corporation presently has an average rating of “Buy” and an average target price of $23.60.
Ferro Corporation (NYSE:FOE) traded down 0.34% during mid-day trading on Monday, reaching $23.61. The company had a trading volume of 187,172 shares. The firm’s 50 day moving average price is $21.72 and its 200-day moving average price is $18.84. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 167.45 and a beta of 2.05. Ferro Corporation has a 12 month low of $12.46 and a 12 month high of $23.92.
Ferro Corporation (NYSE:FOE) last posted its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ferro Corporation had a return on equity of 35.05% and a net margin of 1.06%. The firm had revenue of $348.60 million for the quarter, compared to analyst estimates of $336.14 million. During the same quarter in the prior year, the company earned $0.34 EPS. Ferro Corporation’s revenue was up 17.0% on a year-over-year basis. Equities research analysts anticipate that Ferro Corporation will post $1.27 earnings per share for the current year.
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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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