News articles about Ferro Corporation (NYSE:FOE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferro Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the specialty chemicals company an impact score of 47.355449443301 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Ferro 2017 Investor Day Webcast and App (finance.yahoo.com)
- Edited Transcript of FOE earnings conference call or presentation 2-Nov-17 2:00pm GMT (finance.yahoo.com)
- Ferro Corp. :FOE-US: Earnings Analysis: Q3, 2017 By the Numbers : November 3, 2017 (finance.yahoo.com)
- Ferro Corporation’s (FOE) CEO Peter Thomas on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Ferro Corporation to Host Earnings Call (finance.yahoo.com)
A number of research analysts have recently commented on FOE shares. BidaskClub raised Ferro Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Ferro Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of Ferro Corporation in a research note on Monday, July 31st. KeyCorp reaffirmed a “buy” rating and set a $23.00 target price on shares of Ferro Corporation in a research note on Friday, September 1st. Finally, Longbow Research reaffirmed a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of Ferro Corporation in a research note on Wednesday, August 23rd. Six research analysts have rated the stock with a buy rating, Ferro Corporation currently has a consensus rating of “Buy” and an average price target of $23.60.
Shares of Ferro Corporation (NYSE FOE) traded up $1.09 during mid-day trading on Friday, reaching $24.41. The company had a trading volume of 959,584 shares, compared to its average volume of 563,980. Ferro Corporation has a fifty-two week low of $12.59 and a fifty-two week high of $24.84. The company has a market capitalization of $2,046.95, a PE ratio of 19.07 and a beta of 1.90. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.48 and a quick ratio of 1.61.
Ferro Corporation (NYSE:FOE) last announced its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Ferro Corporation had a return on equity of 35.77% and a net margin of 3.44%. The business had revenue of $350.01 million during the quarter, compared to analysts’ expectations of $332.28 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. sell-side analysts expect that Ferro Corporation will post 1.29 EPS for the current year.
About Ferro Corporation
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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