$0.31 EPS Expected for Ferro Corporation (FOE)

October 31, 2017 – By Nellie Frank

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.04, from 1.02 in 2017Q1. It is positive, as 17 investors sold Ferro Corporation shares while 63 reduced holdings. 33 funds opened positions while 52 raised stakes. 79.65 million shares or 1.21% more from 78.69 million shares in 2017Q1 were reported.
Walthausen Co Limited Company holds 1.32% of its portfolio in Ferro Corporation (NYSE:FOE) for 738,660 shares. Vanguard Group Incorporated accumulated 6.76 million shares. 3.33M are owned by Dimensional Fund Advsrs Limited Partnership. D E Shaw And accumulated 522,756 shares or 0.02% of the stock. Lord Abbett & Limited Liability Com has invested 0.02% in Ferro Corporation (NYSE:FOE). Envestnet Asset Management owns 13,019 shares or 0% of their US portfolio. Fmr Ltd Com holds 0.01% or 2.29 million shares. 319,317 are held by Arrowstreet Ltd Partnership. Alliancebernstein Ltd Partnership holds 117,526 shares. Zacks Inv Mgmt invested in 28,223 shares or 0.01% of the stock. The New York-based Blackrock has invested 0.01% in Ferro Corporation (NYSE:FOE). Gabelli Funds Ltd Limited Liability Company holds 0.43% of its portfolio in Ferro Corporation (NYSE:FOE) for 3.91 million shares. Walleye Trading Ltd Liability Corp stated it has 164 shares or 0% of all its holdings. Beach Inv Management Lc has 0.04% invested in Ferro Corporation (NYSE:FOE) for 18,834 shares. Hbk Invs L P has invested 0.02% in Ferro Corporation (NYSE:FOE).

Analysts expect Ferro Corporation (NYSE:FOE) to report $0.31 EPS on November, 1.They anticipate $0.04 EPS change or 14.81 % from last quarter’s $0.27 EPS. FOE’s profit would be $25.98M giving it 19.24 P/E if the $0.31 EPS is correct. After having $0.37 EPS previously, Ferro Corporation’s analysts see -16.22 % EPS growth. About 122,698 shares traded. Ferro Corporation (NYSE:FOE) has risen 24.49% since October 31, 2016 and is uptrending. It has outperformed by 7.79% the S&P500.

Ferro Corporation (NYSE:FOE) Ratings Coverage

Among 6 analysts covering Ferro (NYSE:FOE), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ferro has $27.0 highest and $13 lowest target. $20’s average target is -16.18% below currents $23.86 stock price. Ferro had 12 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global on Wednesday, January 13. The rating was maintained by Deutsche Bank with “Buy” on Monday, July 31. The stock of Ferro Corporation (NYSE:FOE) earned “Outperform” rating by Oppenheimer on Wednesday, September 23. The stock of Ferro Corporation (NYSE:FOE) earned “Buy” rating by Longbow on Monday, June 5. The rating was maintained by KeyBanc Capital Markets on Thursday, October 12 with “Buy”. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, September 1. Global Hunter Securities initiated Ferro Corporation (NYSE:FOE) on Wednesday, August 12 with “Accumulate” rating. Zacks downgraded the stock to “Buy” rating in Tuesday, August 4 report.

Ferro Corporation produces specialty materials that are sold to a range of manufacturers. The company has market cap of $2.00 billion. The Company’s divisions include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. It has a 47.94 P/E ratio. The Company’s Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

More news for Ferro Corporation (NYSE:FOE) were recently published by: Streetinsider.com, which released: “Ferro Corp. (FOE) Appoints Marran Ogilvie to Board” on October 19, 2017. Streetinsider.com‘s article titled: “Ferro Corp. (FOE) to Acquire Endeka Group and Majority Interest in Gardenia …” and published on October 02, 2017 is yet another important article.