GrafTech International (NYSE:EAF) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

GrafTech International (NYSE:EAF) announced 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 firm had revenue of $136.80 million during the quarter, compared to the consensus estimate of $125.73 million. During the same period last year, the firm earned ($0.02) EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year.

GrafTech International Trading Down 1.9 %

Shares of NYSE EAF traded down $0.03 during midday trading on Friday, hitting $1.58. 5,450,320 shares of the company traded hands, compared to its average volume of 3,144,827. GrafTech International has a 12-month low of $1.18 and a 12-month high of $5.32. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.81 and a current ratio of 3.54. The stock has a 50-day moving average price of $1.56 and a 200 day moving average price of $2.04. The firm has a market cap of $406.31 million, a P/E ratio of -1.58 and a beta of 1.14.

Wall Street Analysts Forecast Growth

EAF has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada decreased their price objective on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday, February 16th. UBS Group initiated coverage on shares of GrafTech International in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price objective on the stock. Finally, BMO Capital Markets decreased their price objective on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1.88.

Insider Activity at GrafTech International

In related news, major shareholder Colonial House Capital Ltd purchased 2,303,599 shares of GrafTech International stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price of $1.78 per share, for a total transaction of $4,100,406.22. Following the completion of the transaction, the insider now directly owns 29,535,575 shares of the company’s stock, valued at $52,573,323.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

GrafTech International Company Profile

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.