GrafTech International (NYSE:EAF) Issues Quarterly Earnings Results

Key Points

• GrafTech International reported a quarterly loss of ($0.16) EPS, missing analysts' estimates of ($0.12) by ($0.04), despite revenue surpassing expectations at $131.84 million.
• Director Jean-Marc Germain increased his stake by purchasing 50,000 shares at an average price of $0.78, bringing his total ownership to 90,000 shares.
• AQR Capital Management raised its position in GrafTech by an astonishing 5,083.2% in Q1, owning 0.25% of the company at the end of the period.

GrafTech International (NYSE:EAF - Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.04), Zacks reports. The business had revenue of $131.84 million during the quarter, compared to analyst estimates of $130.44 million.

GrafTech International Price Performance

Shares of GrafTech International stock traded up $0.10 during trading on Monday, reaching $1.64. 2,933,704 shares of the stock traded hands, compared to its average volume of 2,739,646. The company has a market capitalization of $422.08 million, a price-to-earnings ratio of -1.99 and a beta of 1.51. The business has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $1.07. GrafTech International has a 52-week low of $0.52 and a 52-week high of $2.53.

Insider Buying and Selling at GrafTech International

In other news, Director Jean-Marc Germain acquired 50,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $0.78 per share, for a total transaction of $39,000.00. Following the completion of the transaction, the director directly owned 90,000 shares in the company, valued at approximately $70,200. This trade represents a 125.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GrafTech International stock. AQR Capital Management LLC lifted its holdings in GrafTech International Ltd. (NYSE:EAF - Free Report) by 5,083.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635,663 shares of the company's stock after acquiring an additional 623,399 shares during the period. AQR Capital Management LLC owned 0.25% of GrafTech International worth $556,000 at the end of the most recent quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group cut their price target on GrafTech International from $1.50 to $0.80 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $1.63.

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.