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

GrafTech International (NYSE:EAF) issued its earnings results on Friday. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08, Briefing.com reports. The firm had revenue of $136.80 million for 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 firm earned ($0.02) earnings per share.

GrafTech International Stock Down 1.9 %

NYSE EAF traded down $0.03 on Friday, reaching $1.58. The company had a trading volume of 5,450,320 shares, compared to its average volume of 3,144,827. The company has a debt-to-equity ratio of 11.90, a current ratio of 3.54 and a quick ratio of 1.81. GrafTech International has a 1 year low of $1.18 and a 1 year high of $5.32. The firm has a 50-day moving average of $1.56 and a 200-day moving average of $2.04. The firm has a market capitalization of $406.31 million, a PE ratio of -1.58 and a beta of 1.14.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group assumed coverage on GrafTech International in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price objective on the stock. Royal Bank of Canada reduced 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 research report on Friday, February 16th. Citigroup dropped their price objective on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, January 10th. Finally, BMO Capital Markets decreased their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company 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 presently has an average rating of “Hold” and a consensus target price of $1.88.

Insider Activity

In other news, major shareholder Colonial House Capital Ltd bought 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, for a total transaction of $4,100,406.22. Following the completion of the purchase, the insider now owns 29,535,575 shares of the company’s stock, valued at $52,573,323.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 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.