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

GrafTech International (NYSE:EAF) released its quarterly earnings results on Friday. The company reported ($0.13) EPS for the quarter, topping 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 last year, the firm posted ($0.27) EPS.

GrafTech International Price Performance

NYSE EAF traded down $0.12 during midday trading on Friday, hitting $1.38. The company had a trading volume of 1,479,455 shares, compared to its average volume of 1,386,609. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. GrafTech International has a twelve month low of $0.52 and a twelve month high of $2.53. The company has a market capitalization of $353.60 million, a PE ratio of -1.18 and a beta of 0.97. The firm has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.43.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EAF shares. JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. Citigroup boosted their price target on shares of GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd.

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.