GrafTech International (NYSE:EAF) Releases Earnings Results, Misses Expectations By $0.04 EPS
GrafTech International (NYSE:EAF) issued its quarterly earnings results on Thursday. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04), Fidelity Earnings reports. The firm had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $441.85 million. GrafTech International had a negative return on equity of 88.91% and a net margin of 42.35%. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share.
GrafTech International stock opened at $12.95 on Friday. GrafTech International has a 1 year low of $9.60 and a 1 year high of $17.00. The firm has a 50 day moving average price of $12.28 and a 200 day moving average price of $11.65. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 4.51 and a beta of 1.71.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.63%. GrafTech International’s dividend payout ratio (DPR) is presently 11.85%.
About GrafTech International
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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