GrafTech International (NYSE:EAF) Issues Quarterly Earnings Results

GrafTech International (NYSE:EAF) announced its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate 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 return on equity of 321.50% and a negative net margin of 55.21%. During the same period in the previous year, the business posted ($0.08) EPS.

GrafTech International Stock Performance

NYSE:EAF traded up $0.12 during trading hours on Wednesday, reaching $2.30. 1,956,490 shares of the stock were exchanged, compared to its average volume of 3,095,675. GrafTech International has a twelve month low of $0.52 and a twelve month high of $2.76. The company has a current ratio of 4.22, a quick ratio of 2.01 and a debt-to-equity ratio of 57.38. The firm has a 50 day moving average of $1.42 and a 200 day moving average of $1.26.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EAF shares. 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 report on Monday, July 29th. JPMorgan Chase & Co. lowered GrafTech International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.75.

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.