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

GrafTech International (NYSE:EAF) announced its earnings results 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. GrafTech International had a negative return on equity of 321.50% and a negative net margin of 55.21%. The business had revenue of $130.65 million for the quarter, compared to analyst estimates of $128.14 million. During the same period in the previous year, the company earned ($0.08) earnings per share.

GrafTech International Stock Up 5.0 %

Shares of GrafTech International stock traded up $0.11 on Wednesday, hitting $2.29. 2,188,677 shares of the company traded hands, compared to its average volume of 3,096,731. The company has a 50-day moving average price of $1.42 and a 200 day moving average price of $1.26. The company has a quick ratio of 2.01, a current ratio of 4.22 and a debt-to-equity ratio of 57.38. GrafTech International has a 12-month low of $0.52 and a 12-month high of $2.76. The company has a market cap of $588.92 million, a PE ratio of -1.97 and a beta of 0.94.

Wall Street Analysts Forecast Growth

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