GrafTech International (EAF) Set to Announce Earnings on Friday

GrafTech International (NYSE:EAF) is scheduled to post its quarterly earnings results before the market opens on Friday, July 26th. Analysts expect GrafTech International to post earnings of ($0.11) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. The company had revenue of $136.80 million for the quarter, compared to analyst estimates of $125.73 million. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 66.36%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. On average, analysts expect GrafTech International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrafTech International Stock Performance

Shares of GrafTech International stock opened at $0.96 on Thursday. The firm has a market capitalization of $247.73 million, a P/E ratio of -0.88 and a beta of 0.92. GrafTech International has a 52 week low of $0.81 and a 52 week high of $5.32. The company has a quick ratio of 1.91, a current ratio of 3.73 and a debt-to-equity ratio of 24.74. The firm’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.47.

Insider Activity

In other news, major shareholder Colonial House Capital Ltd acquired 533,009 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $1.77 per share, with a total value of $943,425.93. Following the completion of the acquisition, the insider now owns 30,247,863 shares of the company’s stock, valued at $53,538,717.51. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders bought 1,322,486 shares of company stock valued at $2,278,701. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered shares of GrafTech International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company has an average 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.