Ferro Co. (NYSE:FOE) – Stock analysts at KeyCorp reduced their FY2018 earnings estimates for Ferro in a research report issued on Sunday, November 11th. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings per share of $1.55 for the year, down from their previous forecast of $1.60.

Several other brokerages also recently weighed in on FOE. ValuEngine raised shares of Ferro from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Ferro from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Gabelli reaffirmed a “buy” rating on shares of Ferro in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Shares of Ferro stock opened at $19.54 on Wednesday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 15.15, a PEG ratio of 0.79 and a beta of 1.70. The company has a quick ratio of 1.76, a current ratio of 2.85 and a debt-to-equity ratio of 2.38. Ferro has a fifty-two week low of $15.59 and a fifty-two week high of $25.50.

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

A number of hedge funds have recently made changes to their positions in FOE. Victory Capital Management Inc. lifted its stake in Ferro by 28.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,240,552 shares of the specialty chemicals company’s stock worth $88,417,000 after purchasing an additional 942,354 shares in the last quarter. Luminus Management LLC lifted its stake in Ferro by 52.9% in the 2nd quarter. Luminus Management LLC now owns 2,663,037 shares of the specialty chemicals company’s stock worth $55,525,000 after purchasing an additional 921,179 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Ferro by 42.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,216,520 shares of the specialty chemicals company’s stock worth $51,468,000 after purchasing an additional 655,644 shares in the last quarter. BlackRock Inc. lifted its stake in Ferro by 8.1% in the 2nd quarter. BlackRock Inc. now owns 5,724,384 shares of the specialty chemicals company’s stock worth $119,353,000 after purchasing an additional 428,281 shares in the last quarter. Finally, FMR LLC lifted its stake in Ferro by 19.6% in the 3rd quarter. FMR LLC now owns 2,122,620 shares of the specialty chemicals company’s stock worth $49,287,000 after purchasing an additional 347,555 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.

About Ferro

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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