GrafTech International (EAF) Scheduled to Post Earnings on Friday

GrafTech International (NYSE:EAF) will be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect GrafTech International to post earnings of ($0.18) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.13). GrafTech International had a negative return on equity of 39.57% and a negative net margin of 41.14%. The firm had revenue of $137.10 million for the quarter, compared to analysts’ expectations of $141.20 million. During the same period in the prior year, the firm earned $0.17 earnings per share. GrafTech International’s revenue was down 44.6% compared to the same quarter last year. 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 EAF stock opened at $1.49 on Friday. The company has a market capitalization of $381.88 million, a price-to-earnings ratio of -1.49 and a beta of 1.14. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.81 and a current ratio of 3.54. The company has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $2.13. GrafTech International has a 52-week low of $1.18 and a 52-week high of $5.32.

Insider Transactions at GrafTech International

In related news, major shareholder Colonial House Capital Ltd acquired 2,303,599 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $1.78 per share, for a total transaction of $4,100,406.22. Following the transaction, the insider now owns 29,535,575 shares in the company, valued at approximately $52,573,323.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Institutional Trading of GrafTech International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in GrafTech International by 101.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the company’s stock worth $26,000 after acquiring an additional 2,690 shares during the last quarter. Hsbc Holdings PLC bought a new stake in GrafTech International in the fourth quarter valued at $29,000. Quantbot Technologies LP purchased a new position in shares of GrafTech International during the first quarter valued at about $29,000. CI Private Wealth LLC bought a new position in GrafTech International in the fourth quarter worth about $49,000. Finally, Virtu Financial LLC bought a new stake in GrafTech International during the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

EAF has been the subject of a number of recent analyst reports. BMO Capital Markets reduced their price objective on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Citigroup lowered their price objective on GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada cut their price target on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Finally, UBS Group started coverage on shares of GrafTech International in a report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price target on the stock. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International presently has an average rating of “Hold” and a consensus target price of $1.88.

GrafTech International Company Profile

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.