Earnings Report: Here’s what to expect from GrafTech International (NYSE:EAF)

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Earnings results for GrafTech International (NYSE:EAF)

GrafTech International Ltd. is expected* to report earnings on 08/06/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.39. The reported EPS for the same quarter last year was $0.35.

GrafTech International last posted its quarterly earnings data on May 5th, 2021. The reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company earned $304.40 million during the quarter, compared to the consensus estimate of $292.22 million. Its quarterly revenue was down 4.5% on a year-over-year basis. GrafTech International has generated $1.62 earnings per share over the last year ($1.54 diluted earnings per share) and currently has a price-to-earnings ratio of 7.3. Earnings for GrafTech International are expected to grow by 25.00% in the coming year, from $1.64 to $2.05 per share. GrafTech International has confirmed that its next quarterly earnings report will be published on Friday, August 6th, 2021. GrafTech International will be holding an earnings conference call on Friday, August 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-621-4642 with passcode “2891618”.

Analyst Opinion on GrafTech International (NYSE:EAF)

3 Wall Street analysts have issued ratings and price targets for GrafTech International in the last 12 months. Their average twelve-month price target is $17.00, predicting that the stock has a possible upside of 50.31%. The high price target for EAF is $18.00 and the low price target for EAF is $16.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

GrafTech International has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $17.00, GrafTech International has a forecasted upside of 50.3% from its current price of $11.31. GrafTech International has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: GrafTech International (NYSE:EAF)

GrafTech International has a dividend yield of 0.35%, which is in the bottom 25% of all stocks that pay dividends. GrafTech International has only been increasing its dividend for 1 years. The dividend payout ratio of GrafTech International is 2.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GrafTech International will have a dividend payout ratio of 1.95% next year. This indicates that GrafTech International will be able to sustain or increase its dividend.

Insiders buying/selling: GrafTech International (NYSE:EAF)

In the past three months, GrafTech International insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $432,856,000.00 in company stock. Only 0.22% of the stock of GrafTech International is held by insiders. 89.74% of the stock of GrafTech International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of GrafTech International (NYSE:EAF

Earnings for GrafTech International are expected to grow by 25.00% in the coming year, from $1.64 to $2.05 per share. The P/E ratio of GrafTech International is 7.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.62. The P/E ratio of GrafTech International is 7.34, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 40.73.

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