GrafTech International (NYSE:EAF) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

GrafTech International (NYSE:EAF) issued its quarterly earnings data on Thursday. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.04), Fidelity Earnings reports. GrafTech International had a net margin of 42.35% and a negative return on equity of 88.91%. The business had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $441.85 million. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis.

Shares of EAF traded up $1.21 during midday trading on Friday, hitting $12.95. 2,138,114 shares of the company’s stock traded hands, compared to its average volume of 1,294,466. GrafTech International has a 1 year low of $9.60 and a 1 year high of $17.00. The firm’s fifty day moving average is $12.28 and its 200-day moving average is $11.65. The stock 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 disclosed 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 annualized dividend and a dividend yield of 2.63%. GrafTech International’s dividend payout ratio is presently 11.85%.

Several brokerages have recently commented on EAF. ValuEngine upgraded GrafTech International from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup upgraded GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 price objective for the company in a report on Thursday, July 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded GrafTech International from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 1st.

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.

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Earnings History for GrafTech International (NYSE:EAF)

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