During the last session, Ferro Corporation (NYSE:FOE)’s traded shares were 0.35 million, with the beta value of the company hitting 1.56. At the end of the trading day, the stock’s price was $21.13, reflecting an intraday gain of 0.38% or $0.08. The 52-week high for the FOE share is $22.00, that puts it down -4.12 from that peak though still a striking 46.38% gain since the share price plummeted to a 52-week low of $11.33. The company’s market capitalization is $1.73B, and the average intraday trading volume over the past 10 days was 0.4 million shares, and the average trade volume was 599.16K shares over the past three months.
Ferro Corporation (FOE) received a consensus recommendation of an Underweight from analysts. That translates to a mean rating of 3.20. FOE has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.27.
Ferro Corporation (NYSE:FOE) trade information
Ferro Corporation (FOE) registered a 0.38% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.38% in intraday trading to $21.13 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 1.73%, and it has moved by 2.77% in 30 days. Based on these gigs, the overall price performance for the year is 61.42%. The short interest in Ferro Corporation (NYSE:FOE) is 5.54 million shares and it means that shorts have 2.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $22.00, which implies an increase of 3.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22.00 and $22.00 respectively. As a result, FOE is trading at a discount of -4.12% off the target high and -4.12% off the low.
Ferro Corporation (FOE) estimates and forecasts
Statistics show that Ferro Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Ferro Corporation (FOE) shares have gone up 20.33% during the last six months, with a year-to-date growth rate more than the industry average at 62.96% against 29.80. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 125.00% this quarter and then jump 42.10% in the quarter after that. In the rating firms’ projections, revenue will increase 14.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $294.33 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $275.02 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -21.10%. While earnings are projected to return -14.30% in 2021, the next five years will return 23.69% per annum.
Ferro Corporation is due to release its next quarterly earnings between November 02 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ferro Corporation (NYSE:FOE)’s Major holders
Ferro Corporation insiders own 1.51% of total outstanding shares while institutional holders control 109.13%, with the float percentage being 110.81%. Blackrock Inc. is the largest shareholder of the company, while 248 institutions own stock in it. As of Mar 30, 2021, the company held over 12.87 million shares (or 15.57% of all shares), a total value of $216.93 million in shares.
The next largest institutional holding, with 8.89 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.76% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $149.83 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ferro Corporation (FOE) shares are iShares Core S&P Smallcap ETF and MFS Series Trust XIII-MFS New Discovery Value Fund. Data provided on May 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 5.53 million shares. This amounts to just over 6.69 percent of the company’s overall shares, with a $119.43 million market value. The same data shows that the other fund manager holds slightly less at 2.86 million, or about 3.47% of the stock, which is worth about $45.45 million.