GrafTech International (NYSE:EAF) Announces Earnings Results, Beats Expectations By $0.01 EPS

GrafTech International (NYSE:EAF) issued its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01, Zacks reports. The firm had revenue of $130.65 million during the quarter, compared to analysts’ expectations of $128.14 million. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 321.50%. During the same period in the prior year, the company posted ($0.08) earnings per share.

GrafTech International Stock Performance

Shares of EAF traded up $0.11 during trading hours on Wednesday, reaching $2.29. 2,188,677 shares of the company traded hands, compared to its average volume of 3,096,731. The stock’s fifty day moving average is $1.42 and its 200 day moving average is $1.26. The stock has a market cap of $588.92 million, a P/E ratio of -1.97 and a beta of 0.94. The company has a debt-to-equity ratio of 57.38, a quick ratio of 2.01 and a current ratio of 4.22. GrafTech International has a 1-year low of $0.52 and a 1-year high of $2.76.

Analyst Upgrades and Downgrades

EAF has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of GrafTech International from $1.20 to $1.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered shares of GrafTech International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, GrafTech International currently has a consensus rating of “Hold” and an average price target of $1.75.

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.