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

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

GrafTech International Stock Down 1.9 %

NYSE EAF traded down $0.03 on Friday, hitting $1.58. 5,450,320 shares of the stock were exchanged, compared to its average volume of 3,144,827. GrafTech International has a fifty-two week low of $1.18 and a fifty-two week high of $5.32. The company has a 50-day moving average price of $1.56 and a 200-day moving average price of $2.04. The company has a quick ratio of 1.81, a current ratio of 3.54 and a debt-to-equity ratio of 11.90. The company has a market cap of $406.31 million, a PE ratio of -1.58 and a beta of 1.14.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Citigroup cut their price target on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 10th. UBS Group initiated coverage on shares of GrafTech International in a research note on Tuesday, January 16th. They set a “neutral” rating and a $2.00 target price on the stock. BMO Capital Markets reduced their target price 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, Royal Bank of Canada dropped their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International presently has an average rating of “Hold” and a consensus target price of $1.88.

Insider Buying and Selling at GrafTech International

In other news, major shareholder Colonial House Capital Ltd acquired 2,303,599 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $1.78 per share, with a total value of $4,100,406.22. Following the transaction, the insider now owns 29,535,575 shares in the company, valued at $52,573,323.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

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.