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

GrafTech International (NYSE:EAF) posted its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, beating 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 period in the prior year, the company posted ($0.27) earnings per share.

GrafTech International Stock Performance

Shares of EAF opened at $1.03 on Thursday. The stock has a market capitalization of $264.89 million, a P/E ratio of -0.88 and a beta of 0.97. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 3.79. GrafTech International has a 1 year low of $0.52 and a 1 year high of $2.53. The company’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.44.

Analyst Ratings Changes

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

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.