GrafTech International Ltd. (EAF) can make a big difference with a little luck

GrafTech International Ltd. (NYSE: EAF) stock jumped 1.17% on Friday to $7.76 against a previous-day closing price of $7.67. With 4.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.01 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $7.79 whereas the lowest price it dropped to was $7.62. The 52-week range on EAF shows that it touched its highest point at $13.38 and its lowest point at $6.06 during that stretch. It currently has a 1-year price target of $9.39. With its current market cap of 2.00 billion, EAF has annualized dividend of $0.04 while the current yield stands at 0.52%. Beta for the stock currently stands at 1.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EAF was up-trending over the past week, with a rise of 1.97%, but this was up by 9.76% over a month. Three-month performance dropped to -16.56% while six-month performance fell -29.07%. The stock lost -32.87% in the past year, while it has lost -34.40% so far this year. A look at the trailing 12-month EPS for EAF yields 1.56 with Next year EPS estimates of 1.55. For the next quarter, that number is 0.43. This implies an EPS growth rate of -10.10% for this year and -13.15% for next year. EPS is expected to decline by -5.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 43.30%.

Float and Shares Shorts:

At present, 262.59 million EAF shares are outstanding with a float of 259.84 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.88 million, which was 2.26% higher than short shares on Jun 14, 2022. In addition to Mr. Denis Andre Turcotte M.B.A., MBA, P.Eng. as the firm’s Exec. Chairman, Mr. Timothy K. Flanagan serves as its CFO, VP of Fin. & Treasurer.

Institutional Ownership:

Through their ownership of 93.42% of EAF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.81% of EAF, in contrast to 28.10% held by mutual funds. Shares owned by individuals account for 24.74%. As the largest shareholder in EAF with 8.99% of the stake, The Vanguard Group, Inc. holds 23,395,375 shares worth 23,395,375. A second-largest stockholder of EAF, Fidelity Management & Research Co, holds 18,633,365 shares, controlling over 7.16% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in EAF, holding 11,111,209 shares or 4.27% stake. With a 4.06% stake in EAF, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 10,560,479 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 3.19% of EAF stock, is the second-largest Mutual Fund holder. It holds 8,291,470 shares valued at 58.62 million. Vanguard Total Stock Market Index holds 2.20% of the stake in EAF, owning 5,723,610 shares worth 40.47 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EAF since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EAF analysts setting a high price target of $16.00 and a low target of $7.00, the average target price over the next 12 months is $10.08. Based on these targets, EAF could surge 106.19% to reach the target high and fall by -9.79% to reach the target low. Reaching the average price target will result in a growth of 29.9% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EAF will report FY 2022 earnings on 02/10/2023. Analysts have provided yearly estimates in a range of $1.90 being high and $1.66 being low. For EAF, this leads to a yearly average estimate of $1.77. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. GrafTech International Ltd. surprised analysts by $0.04 when it reported $0.48 EPS against a consensus estimate of $0.44. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is $0.47 and the low estimate is $0.38. The average estimate for the next quarter is thus $0.42.

Summary of Insider Activity:

Insiders traded EAF stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 40,000 while 45,750 shares were sold.

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