GrafTech International (EAF) Projected to Post Earnings on Wednesday

GrafTech International (NYSE:EAF) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $128.63 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. The business had revenue of $130.65 million for the quarter, compared to the consensus estimate of $128.14 million. During the same period in the prior year, the company posted ($0.08) 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 Price Performance

Shares of GrafTech International stock opened at $1.46 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38. The stock has a market capitalization of $374.18 million, a price-to-earnings ratio of -1.24 and a beta of 0.97. GrafTech International has a twelve month low of $0.52 and a twelve month high of $2.53. The company has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $1.43.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EAF. Citigroup boosted their price target on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th.

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.