News coverage about Ferro (NYSE:FOE) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ferro earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 46.7093553537385 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
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Ferro (FOE) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com) Cannes Film Review: The Angel (variety.com) Reviewing Ferro (FOE) and Axalta Coating Systems (AXTA) (americanbankingnews.com) UPDATE 3-Creditors lead efforts to sell Brazil’s Odebrecht rail unit -sources (feeds.reuters.com) Creditors lead the efforts to sell Brazil’s Odebrecht rail unit, sources say (feeds.reuters.com)
Several brokerages recently issued reports on FOE. Zacks Investment Research downgraded Ferro from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets began coverage on Ferro in a report on Tuesday, March 27th. They set an “outperform” rating and a $29.00 price target for the company. ValuEngine upgraded Ferro from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Northcoast Research reiterated a “buy” rating and set a $28.00 price target on shares of Ferro in a report on Tuesday, March 6th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Ferro in a report on Tuesday, March 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $25.67.
Ferro opened at $21.42 on Thursday, Marketbeat reports. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 2.51. Ferro has a 1-year low of $21.03 and a 1-year high of $21.22. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 0.79 and a beta of 1.54.
Ferro (NYSE:FOE) last posted its quarterly earnings data on Tuesday, May 1st. The specialty chemicals company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Ferro had a return on equity of 32.32% and a net margin of 3.95%. The business had revenue of $405.50 million for the quarter, compared to analysts’ expectations of $380.56 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. research analysts predict that Ferro will post 1.59 earnings per share for the current year.
In other Ferro news, General Counsel Mark Hugo Duesenberg sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $21.84, for a total value of $262,080.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.02% of the stock is currently owned by insiders.
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.