Media coverage about Ferro (NYSE:FOE) has trended somewhat negative recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferro earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned headlines about the specialty chemicals company an impact score of 45.6074782301352 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- China Non-Ferrous Metals Market Report 2017 – Analysis and Forecast 2007-2025 – Research and Markets (markets.financialcontent.com)
- Zacks: Analysts Anticipate Ferro Corporation (FOE) Will Announce Quarterly Sales of $334.85 Million (americanbankingnews.com)
- Ferro (FOE) Downgraded by ValuEngine to “Buy” (americanbankingnews.com)
- Ferro Corporation (FOE) Expected to Announce Earnings of $0.28 Per Share (americanbankingnews.com)
- Analyzing Ferro (FOE) and W.R. Grace & Co. (GRA) (americanbankingnews.com)
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Ferro 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. ValuEngine cut shares of Ferro from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. KeyCorp restated a “buy” rating and issued a $23.00 target price on shares of Ferro in a research note on Friday, September 1st. Finally, Longbow Research restated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Ferro in a research note on Wednesday, August 23rd. Seven analysts have rated the stock with a buy rating, Ferro currently has an average rating of “Buy” and an average target price of $23.60.
Ferro (NYSE:FOE) last released its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Ferro had a net margin of 3.44% and a return on equity of 35.77%. The company 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 earned $0.27 EPS. The business’s revenue was up 21.3% on a year-over-year basis. equities research analysts expect that Ferro will post 1.29 earnings per share for the current fiscal year.
In related news, 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 sale, the director now owns 43,450 shares in the company, valued at $1,048,448.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marran H. Ogilvie acquired 2,000 shares of Ferro stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $23.60 per share, with a total value of $47,200.00. The disclosure for this purchase can be found here. 2.02% of the stock is owned by company insiders.
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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; 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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