GrafTech International (EAF) to Release Quarterly Earnings on Friday

GrafTech International (NYSE:EAF) will be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.13). GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The company had revenue of $137.10 million during the quarter, compared to the consensus estimate of $141.20 million. During the same period in the previous year, the firm posted $0.17 EPS. The business’s quarterly revenue was down 44.6% compared to the same quarter last year. On average, analysts expect GrafTech International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrafTech International Stock Performance

Shares of EAF opened at $1.58 on Wednesday. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.81 and a current ratio of 3.54. GrafTech International has a twelve month low of $1.18 and a twelve month high of $5.32. The firm’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $2.06. The firm has a market cap of $405.03 million, a P/E ratio of -1.58 and a beta of 1.14.

Insider Buying and Selling

In other news, major shareholder Colonial House Capital Ltd bought 2,303,599 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average cost of $1.78 per share, for a total transaction of $4,100,406.22. Following the completion of the acquisition, the insider now owns 29,535,575 shares in the company, valued at $52,573,323.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EAF has been the topic of a number of research reports. Royal Bank of Canada cut their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Friday, February 16th. UBS Group initiated coverage on shares of GrafTech International in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price target on the stock. BMO Capital Markets cut 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 Thursday, February 15th. Finally, Citigroup cut their price objective on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, GrafTech International has a consensus rating of “Hold” and a consensus target price of $1.88.

About GrafTech International

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.