Ferro (FOE) to Release Quarterly Earnings on Wednesday

Ferro (NYSE:FOE) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 28th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

Ferro (FOE) opened at $21.91 on Wednesday. The stock has a market cap of $1,819.70, a price-to-earnings ratio of 41.40 and a beta of 1.72. 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 has a fifty-two week low of $13.56 and a fifty-two week high of $25.50.

In other news, General Counsel Mark Hugo Duesenberg sold 17,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $24.76, for a total transaction of $420,920.00. Following the transaction, the general counsel now owns 137,545 shares in the company, valued at $3,405,614.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Benjamin Schlater sold 12,663 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $23.50, for a total transaction of $297,580.50. Following the transaction, the chief financial officer now owns 6,495 shares in the company, valued at approximately $152,632.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,246 shares of company stock worth $3,396,897. 2.02% of the stock is owned by company insiders.

Several equities analysts recently issued reports on FOE shares. Zacks Investment Research upgraded shares of Ferro from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 11th. KeyCorp restated an “overweight” rating on shares of Ferro in a report on Friday, November 10th. Finally, ValuEngine upgraded shares of Ferro from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $23.80.

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About Ferro

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.

Earnings History for Ferro (NYSE:FOE)

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