GrafTech International (NYSE:EAF) Announces Quarterly Earnings Results

GrafTech International (NYSE:EAF) released its quarterly earnings results on Thursday. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.04), Fidelity Earnings reports. The company had revenue of $420.80 million during the quarter, compared to the consensus estimate of $441.85 million. GrafTech International had a net margin of 42.35% and a negative return on equity of 88.91%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share.

Shares of NYSE:EAF traded up $1.21 on Friday, reaching $12.95. 2,138,114 shares of the company’s stock were exchanged, compared to its average volume of 1,294,466. The company has a fifty day moving average of $12.28 and a 200-day moving average of $11.65. GrafTech International has a twelve month low of $9.60 and a twelve month high of $17.00. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 4.51 and a beta of 1.71.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given 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 payout ratio is presently 11.85%.

Several research analysts have weighed in on EAF shares. Zacks Investment Research raised shares of GrafTech International from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 1st. Citigroup upgraded shares of GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 target price on the stock in a research report on Thursday, July 25th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of GrafTech International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

GrafTech International Company Profile

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.

Further Reading: What is the return on assets (ROA) ratio?

Earnings History for GrafTech International (NYSE:EAF)

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