|Bid||14.46 x 800|
|Ask||14.47 x 800|
|Day's Range||14.27 - 14.55|
|52 Week Range||9.73 - 21.28|
|Beta (3Y Monthly)||2.19|
|PE Ratio (TTM)||24.97|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.67|
(Bloomberg) -- Ferro Corp., a maker of coatings for everything from dinnerware to windows, is exploring strategic options, including a sale, according to people familiar with the matter.The Mayfield Heights, Ohio-based company is working with financial advisers, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and Ferro could opt to remain independent, the people said.Ferro’s shares rose more than 12% on the news. The stock was up 8% to $13.72 at 1:25 p.m. in New York trading, giving the company a market value of about $1.1 billion.A representative for Ferro didn’t respond to requests for comment.Ferro is exploring a sale amid heavy consolidation among chemical companies with coatings operations, as tepid growth and volatile commodity prices spurs industry players to pair up. Car-paint maker Axalta Coating Systems Ltd. is exploring a sale while chemicals maker Celanese Corp. is undertaking a strategic review that could include a breakup, people familiar with those matters have said.Ferro has been in the takeover spotlight before. It received a takeover approach in 2016 from Apollo Global Management after an activist investor in its stock said it should explore a sale, people familiar with the matter said at the time.Incorporated in 1919, Ferro makes coatings and other products for manufacturers of automobile parts, construction materials, auto parts and electronic components, according to its website. Its products are used for coloring as well as improving texture and durability.(Updates Ferro shares in third paragraph.)To contact the reporters on this story: Kiel Porter in Chicago at firstname.lastname@example.org;Myriam Balezou in London at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Dinesh Nair at email@example.com, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It's shaping up to be a tough period for Ferro Corporation (NYSE:FOE), which a week ago released some disappointing...
Lower sales across all segments hurt Ferro's (FOE) revenues in Q3. The company expects macroeconomic uncertainties to continue through the balance of 2019.
Ferro (FOE) delivered earnings and revenue surprises of 20.69% and -1.51%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Macro-economic Uncertainties Continued to Pressure Top Line; Gross Profit Margin Improved Over Prior Year; 2019 Guidance Update Revised for Foreign Exchange
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ferro Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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Moody's Investors Service (Moody's) has changed Ferro Corporation's (Ferro) outlook to negative from stable. At the same time, Moody's has affirmed the company's Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating and other instrument ratings. "The negative outlook reflects Ferro's weak operating results and elevated debt leverage as a result of the slowing economy, customer destocking and foreign currency depreciation.
Greenwich, CT, based Investment company Loukas Stephen (Current Portfolio) buys Medley Capital Corp, sells Ferro Corp during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Loukas Stephen. Continue reading...
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
If you're interested in Ferro Corporation (NYSE:FOE), then you might want to consider its beta (a measure of share...
Ferro (FOE) delivered earnings and revenue surprises of 6.06% and -5.78%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Ferro (FOE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.