According to Zacks, GrafTech International Ltd. (NYSE:EAF) disclosed on August 18 that it will be paying a quarterly dividend to shareholders beginning in the third quarter. On the following Wednesday, September 31st, shareholders who were recorded as possessing shares as of the preceding Wednesday, August 31st, will receive a dividend payment in the amount of $0.01 per share that will be mailed out on Friday, September 30th. This amounts to a dividend payment of $0.04 per year, which results in a dividend yield of 0.58% of the stock’s current value. The 30th of August is the day that will mark the beginning of the “ex-dividend” period. GrafTech International has cut the amount of money it distributes to shareholders over the course of the past three years by reducing the amount of money it pays out in dividends by an annual average of 65.0%.
It is possible to draw the conclusion that GrafTech International’s dividends are adequately supported by the firm’s profits due to the fact that the payout ratio for the company is 3.2%. GrafTech International should be able to cover its annual dividend of $0.04 thanks to the company’s forecast earnings per share for the coming year, which come in at $1.21. The company’s payout ratio is anticipated to be 3.3%, and the dividend is set at $0.04. This suggests that the corporation ought to be able to pay its dividends in the future. The goods that GrafTech International was responsible for producing were in short supply. When trading started on Friday, the price of a share of GrafTech International was $6.85. The stock now has a price-to-earnings ratio of 3.61 and a beta value of 1.05, all of which contribute to its current market worth of $1.78 billion.
The company’s simple moving average over the course of fifty days is $7.25, and the simple moving average over the course of two hundred days is $8.69. The ratio of current assets to current liabilities is 2.73, and the quick ratio sits at 1.29. The debt to equity ratio is 4.77. In the past year, the price of GrafTech International has ranged from a low of $6.06 to a high of $13.38. In that time, its price has never been higher than it is now. On Friday, August 5th, shareholders of GrafTech International (NYSE:EAF) were given access to the company’s most recent quarterly report. The company announced an ng average over the course of fifty days is $7.25, and the simple moving average over the course of two hundred days is $8.69. The ratio of current assets to current liabilities is 2.73, and the quick ratio sits at 1.29. The debt to equity ratio is 4.77. In the past year, the price of GrafTech International has ranged from a low of $6.06 to a high of $13.38. In that time, its price has never been higher than it is now. On Friday, August 5th, shareholders of GrafTech International (NYSE: EAF) were given access to the company’s most recent quarterly report. The company announced an EPS for the quarter of $0.44, which was $0.03 higher than the consensus forecast of $0.41. The consensus expectation was for $0.41. The positive results of GrafTech International’s performance may be seen in the company’s high net margin (34.75%) and return on equity (807.51%).
The quarterly sales result came in at a total of $363.60 million, which is lower than the consensus projection among industry analysts, which was $370.67 million. The results of the company’s most recent quarter were $0.43 per share, which is comparable to the results of the previous year. When compared to the same quarter in the previous year, GrafTech International saw a 9.9% increase in the amount of revenue that it brought in during that period. Sell-side analysts forecast that GrafTech International will earn a profit of $1.68 per share in the current fiscal year. Variations in the Opinions of Analysts The conclusions that a number of analysts obtained from the investigation that they carried out on the company have just recently been made public. The price objective that Citigroup has set for GrafTech International has been reduced from $10.00 to $7.50, as revealed in a research report that was made available to the public on Tuesday, August 9th.
The target price that Credit Suisse Group has set for GrafTech International has dropped from $16.00 to $13.00 as a result of a research report that was made public on Tuesday, August 9th. In spite of this, the consulting firm has provided the corporation with an “outperform” rating. Royal Bank of Canada has downgraded GrafTech International from an “outperform” rating to a “sector perform” one, and the news was announced in a report that was made public on Wednesday, July 13th. In addition to that, they lowered the goal price of the company from $10.00 down to $7.00, which they had previously established as their target price. What Different Types of Investment Funds Think About GrafTech International Recent months have seen a number of institutional investors make adjustments to the manner in which they hold EAF shares.
Vanguard Group Inc. increased its shares in GrafTech International by 5.5% during the first three months of the year. Vanguard Group Inc. now has a total ownership interest in the firm equal to 23,925,413 shares, which are now valued at $230,163,000 after the company purchased an additional 1,237,154 shares during the period. In the second quarter of the fiscal year, Millennium Management LLC was successful in acquiring an additional 61.9% of the ownership stake in GrafTech International. Following the purchase of an additional 1,231,952 shares during the most recent quarter, Millennium Management LLC now has a total of 3,222,718 shares of the business. The combined value of Millennium Management LLC’s 3,222,718 shares is a total of $22,785,000. During the first three months of 2018, Mackenzie Financial Corporation increased its ownership interest in GrafTech International by an additional 30.1%.
Mackenzie Financial Corp is currently the owner of 2,993,271 shares in the company, which are worth a total of $28,795,000 following the acquisition of an additional 692,996 shares during the most recent quarter. The proportion of GrafTech International that is owned by Renaissance Technologies LLC increased by 190.1% over the first three months of the year. The value of the company’s stock that Renaissance Technologies LLC now owns, which totals 800,381 shares, is currently estimated to be $7,700,000. This is a direct outcome of the recent purchase of an extra 524,481 shares during the quarter that immediately preceded this one. Not to mention, throughout the first three months of this year, Wellington Management Group LLP was able to increase the amount of GrafTech International stock that it owned by a whopping 1,067.3%.
The Wellington Management Group LLP now owns a total of 410,759 shares in the company after purchasing an additional 375,570 shares over the preceding quarter. The value of the firm’s 410,759 shares is a combined total of $3,951,000. At this time, institutions own the company’s shares, which accounts for 93.65% of the stock’s total value. The Latest News and Views from All Over the World: Technology that is founded on graphite and carbon is researched, developed, manufactured, and distributed all over the world by the multinational company GrafTech. The GrafTech International Company, Limited It supplies petroleum needle coke, a crystalline form of carbon that is utilized in the manufacturing of graphite electrodes, as well as graphite electrodes, which are used in electric arc furnaces to produce steel and other ferrous and non-ferrous metals. Additionally, it provides petroleum coke.
Read More: GrafTech International Ltd. (NYSE:EAF) Declares a $0.01 Quarterly Dividend