GrafTech International (NYSE:EAF) Announces Earnings Results

GrafTech International (NYSE:EAF) released its quarterly earnings results 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 company had revenue of $130.65 million during the quarter, compared to the consensus estimate of $128.14 million. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same quarter last year, the business posted ($0.08) earnings per share.

GrafTech International Trading Down 0.5 %

Shares of EAF stock opened at $2.14 on Friday. The company has a quick ratio of 2.01, a current ratio of 3.79 and a debt-to-equity ratio of 57.38. GrafTech International has a one year low of $0.52 and a one year high of $2.76. The company has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.26.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reduced their target price on shares of GrafTech International from $1.20 to $1.00 and set a “market perform” rating on the stock in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, GrafTech International presently has an average rating of “Hold” and a consensus 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.