GrafTech International (EAF) Set to Announce Earnings on Wednesday

GrafTech International (NYSE:EAFGet Free Report) is scheduled to be releasing its 12/31/2023 earnings data before the market opens on Wednesday, February 14th. Analysts expect GrafTech International to post earnings of ($0.21) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

GrafTech International Price Performance

Shares of GrafTech International stock opened at $1.44 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 1.98 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $369.80 million, a PE ratio of 28.80 and a beta of 1.10. The business’s 50-day moving average price is $1.88 and its 200-day moving average price is $2.91. GrafTech International has a 12 month low of $1.18 and a 12 month high of $5.82.

Insiders Place Their Bets

In other news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $2.20, for a total value of $8,630,129.20. Following the completion of the sale, the insider now owns 23,352,826 shares of the company’s stock, valued at approximately $51,376,217.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 5,732,780 shares of company stock worth $12,598,389 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On GrafTech International

A number of institutional investors have recently modified their holdings of EAF. JPMorgan Chase & Co. raised its stake in shares of GrafTech International by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 629,909 shares of the company’s stock valued at $6,060,000 after buying an additional 63,036 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of GrafTech International by 855.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,116 shares of the company’s stock valued at $79,000 after purchasing an additional 7,267 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of GrafTech International by 63.7% in the 1st quarter. MetLife Investment Management LLC now owns 104,857 shares of the company’s stock valued at $1,009,000 after purchasing an additional 40,816 shares in the last quarter. Rhumbline Advisers increased its stake in shares of GrafTech International by 4.8% in the 1st quarter. Rhumbline Advisers now owns 213,394 shares of the company’s stock valued at $2,053,000 after purchasing an additional 9,834 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of GrafTech International by 7.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,304,423 shares of the company’s stock valued at $22,170,000 after purchasing an additional 152,298 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EAF. TheStreet lowered GrafTech International from a “c-” rating to a “d+” rating in a research report on Monday, November 6th. UBS Group started coverage on GrafTech International in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 price objective on the stock. Finally, Citigroup decreased their price objective on GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.83.

Read Our Latest Stock Analysis on GrafTech International

GrafTech International Company Profile

(Get Free Report)

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.

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Earnings History for GrafTech International (NYSE:EAF)

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