GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. It 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. The company sells its products primarily through direct sales force, independent sales representatives, and distributors. GrafTech International Ltd. was founded in 1886 and is headquartered in Brooklyn Heights, Ohio.
Wall Street Analyst Weigh In
EAF has been the subject of several research reports. Credit Suisse Group decreased their price target on shares of GrafTech International from $16.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday. Citigroup decreased their price target on shares of GrafTech International from $10.00 to $7.50 in a research note on Tuesday. Finally, Royal Bank of Canada lowered shares of GrafTech International from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $10.00 to $7.00 in a research note on Wednesday, July 13th.
GrafTech International Stock Performance
Shares of EAF traded down $0.12 on Tuesday, reaching $6.55. The company's stock had a trading volume of 4,216,747 shares, compared to its average volume of 2,147,201. The company has a debt-to-equity ratio of 7.18, a current ratio of 2.63 and a quick ratio of 1.44. The stock has a market capitalization of $1.70 billion, a P/E ratio of 3.45 and a beta of 1.05. The stock's 50 day simple moving average is $7.55 and its two-hundred day simple moving average is $8.86. GrafTech International has a 12-month low of $6.06 and a 12-month high of $13.38.
GrafTech International (NYSE:EAF - Get Rating) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. GrafTech International had a net margin of 34.75% and a return on equity of 3,063.42%. The business had revenue of $363.60 million for the quarter, compared to the consensus estimate of $370.67 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company's revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts forecast that GrafTech International will post 1.68 earnings per share for the current fiscal year.
GrafTech International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, May 27th. GrafTech International's dividend payout ratio is currently 2.11%.