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

GrafTech International (NYSE:EAF - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company earned ($0.27) earnings per share.

GrafTech International Trading Down 3.1 %

GrafTech International stock traded down $0.04 during mid-day trading on Tuesday, hitting $1.11. The stock had a trading volume of 3,040,995 shares, compared to its average volume of 1,610,377. The stock has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $1.45. The stock has a market capitalization of $284.17 million, a PE ratio of -0.94 and a beta of 0.97. GrafTech International has a 12 month low of $0.52 and a 12 month high of $2.53. 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 issued reports on the company. JPMorgan Chase & Co. upgraded GrafTech International from an "underweight" rating to a "neutral" rating in a research note on Friday, December 6th. BMO Capital Markets decreased their target price on GrafTech International from $2.00 to $1.50 and set a "market perform" rating on the stock in a report on Monday. Citigroup increased their target price on GrafTech International from $1.00 to $2.20 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $2.00 target price on shares of GrafTech International in a report on Monday.

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.