Press coverage about Ferro (NYSE:FOE) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferro earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 45.6047517127062 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Ferro stock opened at $24.15 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.41 and a debt-to-equity ratio of 2.04. Ferro has a twelve month low of $15.34 and a twelve month high of $25.50. The firm has a market capitalization of $2,041.68, a P/E ratio of 18.72 and a beta of 1.53.
Ferro (NYSE:FOE) last issued its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $377.54 million for the quarter, compared to analysts’ expectations of $336.94 million. Ferro had a net margin of 4.08% and a return on equity of 33.58%. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. sell-side analysts predict that Ferro will post 1.59 earnings per share for the current fiscal year.
FOE has been the topic of several analyst reports. Zacks Investment Research raised shares of Ferro from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 11th. ValuEngine raised shares of Ferro from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets initiated coverage on shares of Ferro in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Northcoast Research reissued a “buy” rating and issued a $28.00 price objective on shares of Ferro in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ferro presently has a consensus rating of “Buy” and a consensus price target of $25.14.
In other Ferro news, General Counsel Mark Hugo Duesenberg sold 12,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $24.08, for a total transaction of $288,960.00. Following the sale, the general counsel now owns 180,631 shares of the company’s stock, valued at $4,349,594.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.02% of the company’s stock.
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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.
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