Somewhat Favorable Press Coverage Somewhat Likely to Affect Greenhill & Co. (GHL) Share Price
News articles about Greenhill & Co. (NYSE:GHL) have trended somewhat positive recently, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Greenhill & Co. earned a coverage optimism score of 0.02 on Alpha One’s scale. Alpha One also assigned media coverage about the financial services provider an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near future.
Greenhill & Co. (NYSE:GHL) traded up 1.508% during trading on Friday, hitting $21.875. The stock had a trading volume of 257,467 shares. Greenhill & Co. has a 1-year low of $15.62 and a 1-year high of $32.45. The stock has a market cap of $647.00 million, a PE ratio of 12.652 and a beta of 1.32. The firm’s 50-day moving average price is $26.09 and its 200-day moving average price is $27.69.
Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.10. Greenhill & Co. had a net margin of 18.11% and a return on equity of 21.89%. The firm had revenue of $56.90 million during the quarter, compared to analyst estimates of $68.76 million. During the same period last year, the firm earned $0.25 EPS. Greenhill & Co.’s quarterly revenue was down 14.9% on a year-over-year basis. On average, equities research analysts predict that Greenhill & Co. will post $1.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Monday, June 5th. Greenhill & Co.’s dividend payout ratio (DPR) is 94.24%.
GHL has been the topic of a number of analyst reports. Nomura restated a “sell” rating and issued a $21.00 price target on shares of Greenhill & Co. in a research note on Monday, May 1st. Zacks Investment Research raised Greenhill & Co. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, February 14th. Finally, TheStreet raised Greenhill & Co. from a “c+” rating to a “b-” rating in a report on Thursday, March 30th. Five equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average price target of $22.67.
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About Greenhill & Co.
Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.
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