News coverage about Ferro Corporation (NYSE:FOE) has trended positive this week, Alpha One reports. The research group, a division of Accern, rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ferro Corporation earned a media sentiment score of 0.29 on Alpha One’s scale. Alpha One also gave news headlines about the specialty chemicals company an impact score of 66 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Alpha One’s scoring:
- Ferro Corporation (FOE) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- The Hain Celestial Group, Inc. (HAIN) Position Increased by Ameriprise Financial Inc (emfizz.com)
- Ferro Corporation (FOE) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Comerica Bank Increases Position in The Hain Celestial Group, Inc. (HAIN) (trikkles.com)
- National Oilwell Varco, Inc. (NOV) To Go Ex-Dividend on June 14th (ekosvoice.com)
Shares of Ferro Corporation (NYSE FOE) traded up 0.95% during mid-day trading on Friday, hitting $18.15. 749,122 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $17.68 and a 200-day moving average price of $15.44. Ferro Corporation has a 1-year low of $11.76 and a 1-year high of $19.37. The stock has a market cap of $1.52 billion, a P/E ratio of 139.62 and a beta of 2.00.
Ferro Corporation (NYSE:FOE) last announced its quarterly earnings data on Tuesday, April 25th. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The company had revenue of $320.56 million for the quarter, compared to analysts’ expectations of $300.58 million. Ferro Corporation had a net margin of 0.93% and a return on equity of 34.31%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. Equities research analysts anticipate that Ferro Corporation will post $1.22 EPS for the current fiscal year.
Several brokerages have issued reports on FOE. BidaskClub downgraded shares of Ferro Corporation from a “buy” rating to a “hold” rating in a report on Friday. Longbow Research raised shares of Ferro Corporation from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, June 5th. Zacks Investment Research raised shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, May 9th. TheStreet raised shares of Ferro Corporation from a “c” rating to a “b” rating in a report on Thursday, April 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $19.00 price target (up previously from $16.00) on shares of Ferro Corporation in a report on Monday, May 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Ferro Corporation currently has a consensus rating of “Buy” and an average target price of $19.80.
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About Ferro Corporation
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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