GrafTech International (NYSE:EAF) Issues Quarterly Earnings Results

GrafTech International (NYSE:EAF) posted its quarterly earnings results on Friday. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08, Briefing.com reports. GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The company had revenue of $136.80 million for the quarter, compared to analyst estimates of $125.73 million. During the same period in the prior year, the company earned ($0.02) earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis.

GrafTech International Price Performance

Shares of GrafTech International stock traded down $0.03 during trading hours on Friday, reaching $1.58. The stock had a trading volume of 5,450,320 shares, compared to its average volume of 3,144,827. The stock’s 50 day moving average is $1.56 and its 200 day moving average is $2.04. The firm has a market capitalization of $406.31 million, a PE ratio of -1.58 and a beta of 1.14. GrafTech International has a twelve month low of $1.18 and a twelve month high of $5.32. The company has a current ratio of 3.54, a quick ratio of 1.81 and a debt-to-equity ratio of 11.90.

Insider Buying and Selling

In other GrafTech International news, major shareholder Colonial House Capital Ltd acquired 2,303,599 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was bought at an average price of $1.78 per share, for a total transaction of $4,100,406.22. Following the acquisition, the insider now owns 29,535,575 shares in the company, valued at $52,573,323.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EAF. Royal Bank of Canada lowered their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. UBS Group began coverage on shares of GrafTech International in a report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price target on the stock. BMO Capital Markets lowered their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a report on Thursday, February 15th. Finally, Citigroup lowered their price target on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, GrafTech International has a consensus rating of “Hold” and an average price target of $1.88.

About GrafTech International

GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.