GrafTech International (EAF) Scheduled to Post Earnings on Friday

GrafTech International (NYSE:EAF) is scheduled to release its earnings data before the market opens on Friday, April 26th. Analysts expect GrafTech International to post earnings of ($0.18) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.13). GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The business had revenue of $137.10 million during the quarter, compared to analyst estimates of $141.20 million. During the same quarter last year, the firm posted $0.17 EPS. The company’s revenue for the quarter was down 44.6% on a year-over-year basis. On average, analysts expect GrafTech International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrafTech International Stock Up 5.4 %

Shares of GrafTech International stock opened at $1.66 on Thursday. GrafTech International has a 52-week low of $1.18 and a 52-week high of $5.32. The company has a 50 day moving average of $1.55 and a 200 day moving average of $2.06. The company has a quick ratio of 1.81, a current ratio of 3.54 and a debt-to-equity ratio of 11.90. The company has a market capitalization of $425.60 million, a P/E ratio of -1.66 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EAF. 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 note on Thursday, February 15th. Royal Bank of Canada decreased their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Friday, February 16th. Citigroup decreased their price target on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Finally, UBS Group began coverage on shares of GrafTech International in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price target for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1.88.

Insider Transactions at GrafTech International

In other news, major shareholder Colonial House Capital Ltd acquired 2,303,599 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $1.78 per share, with a total value of $4,100,406.22. Following the purchase, the insider now owns 29,535,575 shares of the company’s stock, valued at approximately $52,573,323.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.38% 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.