GrafTech International (NYSE:EAF) announced its quarterly earnings results on Thursday. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.04), Fidelity Earnings reports. GrafTech International had a negative return on equity of 88.91% and a net margin of 42.35%. The business had revenue of $420.80 million for the quarter, compared to analyst estimates of $441.85 million. During the same quarter last year, the company earned $0.67 EPS. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year.

Shares of EAF traded up $1.21 during mid-day trading on Friday, hitting $12.95. 2,138,114 shares of the company’s stock were exchanged, compared to its average volume of 1,294,466. The firm has a fifty day moving average of $12.28 and a two-hundred day moving average of $11.65. GrafTech International has a twelve month low of $9.60 and a twelve month high of $17.00. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 4.51 and a beta of 1.71.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.085 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.34 annualized dividend and a dividend yield of 2.63%. GrafTech International’s dividend payout ratio (DPR) is 11.85%.

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

About GrafTech International

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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