GrafTech International (EAF) to Release Quarterly Earnings on Friday

GrafTech International (NYSE:EAF) is scheduled to issue 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 interested in listening to the company’s conference call can do so using this link.

GrafTech International (NYSE:EAF) last announced its 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). The business had revenue of $137.10 million during the quarter, compared to the consensus estimate of $141.20 million. GrafTech International had a negative return on equity of 39.57% and a negative net margin of 41.14%. GrafTech International’s revenue was down 44.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. 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 Price Performance

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

Insider Activity at GrafTech International

In related news, major shareholder Colonial House Capital Ltd bought 2,303,599 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $1.78 per share, for a total transaction of $4,100,406.22. Following the acquisition, the insider now directly owns 29,535,575 shares of the company’s stock, valued at approximately $52,573,323.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EAF. Citigroup reduced their price objective on GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada reduced their price objective on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday, February 16th. BMO Capital Markets reduced their price objective on 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, UBS Group began coverage on GrafTech International in a research report on Tuesday, January 16th. They set a “neutral” rating and a $2.00 price objective on the stock. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.