GSA Capital Partners, Menta Capital, Teachers Advisors, and Boston Partners raised stake in Ferro Co. (FOE)
Shares of Ferro Co. (NYSE:FOE) traded up 2.53% during mid-day trading on Monday, hitting $15.80. 604,055 shares of the company traded hands. The stock’s market capitalization is $1.32 billion. Ferro Co. has a one year low of $11.76 and a one year high of $16.17. The firm has a 50-day moving average of $14.73 and a 200-day moving average of $14.37.
Ferro (NYSE:FOE) last issued its earnings results on Wednesday, March 1st. The specialty chemicals company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Ferro had a net margin of 4.49% and a return on equity of 27.35%. The company had revenue of $281.30 million for the quarter, compared to the consensus estimate of $279.25 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts predict that Ferro Co. will post $1.17 earnings per share for the current year.
Several research firms have recently weighed in on FOE. TheStreet lowered shares of Ferro from a “b-” rating to a “c” rating in a research note on Wednesday, March 29th. KeyCorp restated an “outperform” rating and set a $18.00 price objective (up from $17.00) on shares of Ferro in a research note on Monday, March 6th. Finally, Zacks Investment Research upgraded shares of Ferro from a “sell” rating to a “hold” rating in a research note on Thursday, March 2nd.
About Ferro
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.