Ferro Co. (NYSE:FOE) – Equities researchers at Northcoast Research dropped their FY2018 earnings per share estimates for shares of Ferro in a research report issued to clients and investors on Monday, November 12th. Northcoast Research analyst K. Hocevar now anticipates that the specialty chemicals company will post earnings of $1.55 per share for the year, down from their prior estimate of $1.60. Northcoast Research also issued estimates for Ferro’s FY2019 earnings at $1.90 EPS.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Ferro from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, August 14th. Gabelli reaffirmed a “buy” rating on shares of Ferro in a research report on Friday, July 27th. Finally, ValuEngine downgraded shares of Ferro from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Ferro currently has an average rating of “Buy” and an average price target of $27.00.

Shares of NYSE:FOE opened at $19.40 on Wednesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.85 and a quick ratio of 1.76. Ferro has a 52-week low of $15.59 and a 52-week high of $25.50. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 0.79 and a beta of 1.70.

Ferro (NYSE:FOE) last posted its quarterly earnings results on Thursday, November 8th. The specialty chemicals company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). Ferro had a net margin of 3.79% and a return on equity of 32.74%. The business had revenue of $395.16 million during the quarter, compared to analysts’ expectations of $400.74 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis.

A number of large investors have recently modified their holdings of FOE. First Hawaiian Bank acquired a new stake in Ferro in the third quarter valued at approximately $276,000. Brown Advisory Inc. acquired a new stake in Ferro in the third quarter valued at approximately $278,000. Sheets Smith Wealth Management acquired a new stake in Ferro in the second quarter valued at approximately $287,000. UBS Group AG grew its position in Ferro by 46.0% in the first quarter. UBS Group AG now owns 16,846 shares of the specialty chemicals company’s stock valued at $391,000 after acquiring an additional 5,309 shares in the last quarter. Finally, Affinity Investment Advisors LLC grew its position in Ferro by 26.3% in the third quarter. Affinity Investment Advisors LLC now owns 20,859 shares of the specialty chemicals company’s stock valued at $484,000 after acquiring an additional 4,339 shares in the last quarter. 96.84% of the stock is owned by institutional investors.

Ferro Company Profile

Ferro Corporation produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Earnings History and Estimates for Ferro (NYSE:FOE)

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