GrafTech International (NYSE:EAF) Announces Earnings Results

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

GrafTech International Stock Up 5.5 %

Shares of GrafTech International stock traded up $0.12 during trading on Wednesday, reaching $2.30. The company’s stock had a trading volume of 1,956,490 shares, compared to its average volume of 3,095,675. The stock has a 50-day moving average price of $1.42 and a two-hundred day moving average price of $1.26. 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 one year low of $0.52 and a one year high of $2.76.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EAF. JPMorgan Chase & Co. cut GrafTech International from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 16th. BMO Capital Markets cut their price objective on GrafTech International from $1.20 to $1.00 and set a “market perform” rating for the company in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.