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

GrafTech International (NYSE:EAF) announced its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01, Zacks reports. The company had revenue of $130.65 million for the quarter, compared to analyst estimates 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 in the previous year, the company earned ($0.08) EPS.

GrafTech International Trading Down 0.5 %

Shares of NYSE:EAF opened at $2.14 on Friday. GrafTech International has a 12 month low of $0.52 and a 12 month high of $2.76. The business’s 50 day simple moving average is $1.45 and its 200-day simple moving average is $1.26. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 2.01.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets decreased their price target on GrafTech International from $1.20 to $1.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.