GrafTech International (NYSE:EAF) Issues Earnings Results

GrafTech International (NYSE:EAF) announced its earnings results on Friday. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01, Zacks reports. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. During the same period last year, the business earned ($0.27) EPS.

GrafTech International Price Performance

EAF traded down $0.11 on Friday, reaching $1.39. The company had a trading volume of 1,418,223 shares, compared to its average volume of 1,383,325. The company has a fifty day moving average of $1.74 and a 200-day moving average of $1.43. The company has a market capitalization of $356.18 million, a P/E ratio of -1.18 and a beta of 0.97. 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 one year low of $0.52 and a one year high of $2.53.

Analysts Set New Price Targets

A number of brokerages have commented on EAF. Citigroup increased their price objective 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. JPMorgan Chase & Co. upgraded 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.