News articles about Ferro Corporation (NYSE:FOE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ferro Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 45.9505915343789 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages recently commented on FOE. Zacks Investment Research upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $23.00 price target on shares of Ferro Corporation in a research note on Friday, September 1st. Finally, Longbow Research reiterated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of Ferro Corporation in a research note on Wednesday, August 23rd. Six analysts have rated the stock with a buy rating, Ferro Corporation currently has an average rating of “Buy” and a consensus price target of $22.40.
Shares of Ferro Corporation (NYSE FOE) traded up 0.2649% during midday trading on Wednesday, reaching $22.7501. 142,246 shares of the company traded hands. The firm has a market capitalization of $1.90 billion, a P/E ratio of 47.3960 and a beta of 2.05. The company has a 50 day moving average of $20.77 and a 200 day moving average of $18.40. Ferro Corporation has a 12 month low of $12.46 and a 12 month high of $23.01.
Ferro Corporation (NYSE:FOE) last posted its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The company had revenue of $348.60 million for the quarter, compared to the consensus estimate of $336.14 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities research analysts predict that Ferro Corporation will post $1.27 earnings per share for the current fiscal year.
Ferro Corporation Company Profile
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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