GrafTech International (NYSE:EAF) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

GrafTech International (NYSE:EAF) announced its quarterly earnings data on Friday. The company reported ($1.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.38) by $0.17, FiscalAI reports. The firm had revenue of $140.16 million during the quarter, compared to analysts’ expectations of $126.73 million.

GrafTech International Price Performance

Shares of NYSE:EAF traded up $1.13 during midday trading on Friday, reaching $8.58. 195,133 shares of the company’s stock were exchanged, compared to its average volume of 381,262. The firm’s 50 day simple moving average is $7.84 and its two-hundred day simple moving average is $7.89. The stock has a market cap of $223.80 million, a price-to-earnings ratio of -1.26 and a beta of 1.85. GrafTech International has a fifty-two week low of $4.92 and a fifty-two week high of $19.72.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EAF shares. Royal Bank Of Canada raised their price objective on shares of GrafTech International from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 15th. Weiss Ratings raised shares of GrafTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. Wall Street Zen cut shares of GrafTech International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded shares of GrafTech International from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $10.00.

GrafTech International Company Profile

GrafTech International Ltd. (NYSE:EAF) manufactures graphite electrodes and related carbon-based products used primarily in electric arc furnace steelmaking. Its graphite electrodes conduct electricity at extremely high temperatures, enabling steel producers to melt scrap steel and other metallic inputs. The company also produces petroleum needle coke, a specialty carbon material used in the manufacture of graphite electrodes.

GrafTech serves steel producers and industrial customers worldwide, supplying products through manufacturing and distribution operations in North America, Europe and other international markets.