GrafTech International (NYSE:EAF) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

GrafTech International (NYSE:EAF) posted its quarterly earnings data on Friday. The company reported ($1.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.38) by $0.17, FiscalAI reports. The firm had revenue of $140.16 million during the quarter, compared to analyst estimates of $126.73 million.

GrafTech International Stock Up 15.1%

EAF traded up $1.13 during trading on Friday, reaching $8.58. The company’s stock had a trading volume of 195,133 shares, compared to its average volume of 381,262. The company has a market cap of $223.80 million, a price-to-earnings ratio of -1.26 and a beta of 1.85. The firm has a fifty day simple moving average of $7.84 and a two-hundred day simple moving average of $7.89. GrafTech International has a 1 year low of $4.92 and a 1 year high of $19.72.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on GrafTech International from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 15th. Wall Street Zen lowered GrafTech International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of GrafTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. Finally, Zacks Research raised shares of GrafTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, GrafTech International currently has an average rating of “Reduce” and an average target price of $10.00.

GrafTech International Company Profile

GrafTech International Ltd. (NYSE:EAF) manufactures graphite electrodes and related carbon-based products used primarily in electric arc furnace steelmaking. Its graphite electrodes conduct electricity at extremely high temperatures, enabling steel producers to melt scrap steel and other metallic inputs. The company also produces petroleum needle coke, a specialty carbon material used in the manufacture of graphite electrodes.

GrafTech serves steel producers and industrial customers worldwide, supplying products through manufacturing and distribution operations in North America, Europe and other international markets.