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Earnings Watch: 10 Chemical Stocks

5. Ferro (FOE - Get Report) is a producer of specialty materials and chemical products including electronics, color and glass materials such as conductive metal pastes and powders, polishing materials, enamels, pigments, dinnerware decoration colors, other performance materials and polymer and ceramic engineered materials such as polymer specialty materials, engineered plastic compounds, pigment dispersions, pigments and pharmaceutical active ingredients.

The company is scheduled to report its first quarter 2011 results on April 27 and expects net income of $23.8 million or 28 cents per share, as against a loss of $70,000 or 0-cent per share in the comparable quarter of last year. Moreover, total revenue is expected to increase 9.2% year-over-year to $538.3 million, according to analysts polled by Bloomberg.

The company recently opened a photovoltaic research and development laboratory in Neihu Technology Park, Taipei City, Taiwan. This expansion will enable Ferro to provide timely technical support for local customers and deliver innovative solutions for improving the efficiency of solar cells, and lower the cost of solar cell production. Furthermore, the company also increased the price of its Geode product line by 7%-10%, effective April 1, 2011.

The stock has gained 58% during the past one year, and currently trades at a PE of 18.7. Of the seven analysts covering the stock, 71% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 20% to $18 in value from current levels.
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GGC $54.58 0.00%
ALB $67.38 1.20%
FOE $12.34 -1.80%
IPHS $37.42 -1.70%
KRA $25.18 -3.00%


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