Ferro (FOE) Receiving Somewhat Negative News Coverage, Study Finds

News stories about Ferro (NYSE:FOE) have been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. 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 news sentiment score of -0.03 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 45.4253305511708 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Ferro (NYSE:FOE) opened at $23.91 on Friday. Ferro has a 12 month low of $13.55 and a 12 month high of $25.50. The stock has a market capitalization of $2,010.00, a PE ratio of 45.98 and a beta of 1.94. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94.

Ferro (NYSE:FOE) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The firm had revenue of $350.01 million for the quarter, compared to the consensus estimate of $332.28 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. equities research analysts forecast that Ferro will post 1.29 earnings per share for the current fiscal year.

Several research firms have issued reports on FOE. Zacks Investment Research raised Ferro from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday. ValuEngine downgraded Ferro from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, KeyCorp reissued an “overweight” rating on shares of Ferro in a research note on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Ferro presently has a consensus rating of “Buy” and an average target price of $23.80.

In other news, CFO Benjamin Schlater sold 12,663 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $23.50, for a total value of $297,580.50. Following the completion of the transaction, the chief financial officer now owns 6,495 shares in the company, valued at approximately $152,632.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald P. Vargo sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $24.13, for a total value of $289,560.00. Following the completion of the transaction, the director now owns 43,450 shares of the company’s stock, valued at approximately $1,048,448.50. The disclosure for this sale can be found here. Insiders sold a total of 177,428 shares of company stock worth $4,192,872 in the last three months. Company insiders own 2.02% of the company’s stock.

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Ferro Company Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

Insider Buying and Selling by Quarter for Ferro (NYSE:FOE)

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