GrafTech International (NYSE:EAF) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

GrafTech International (NYSE:EAF) announced its earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01, Zacks reports. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same quarter in the previous year, the business posted ($0.27) earnings per share.

GrafTech International Trading Down 6.4 %

Shares of NYSE:EAF opened at $1.03 on Thursday. GrafTech International has a 52 week low of $0.52 and a 52 week high of $2.53. The company’s 50 day moving average is $1.67 and its two-hundred day moving average is $1.44. The company has a market cap of $264.89 million, a PE ratio of -0.88 and a beta of 0.97. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $2.00 price objective on shares of GrafTech International in a research note on Monday. JPMorgan Chase & Co. raised shares of GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets cut their price objective on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research report on Monday. Finally, Citigroup increased their price objective on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd.

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.