Greenhill & Co. (GHL) Earning Somewhat Positive Media Coverage, Report Finds
Media headlines about Greenhill & Co. (NYSE:GHL) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Greenhill & Co. earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.7684316670151 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
GHL has been the subject of several analyst reports. Keefe, Bruyette & Woods initiated coverage on Greenhill & Co. in a report on Thursday, June 1st. They issued a “market perform” rating and a $22.00 price objective for the company. ValuEngine cut Greenhill & Co. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut Greenhill & Co. from a “hold” rating to a “sell” rating in a report on Monday, June 19th. TheStreet lowered Greenhill & Co. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 21st. Finally, UBS AG restated a “sell” rating and issued a $9.00 price target (down previously from $17.00) on shares of Greenhill & Co. in a research note on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has an average rating of “Sell” and an average price target of $20.75.
Shares of Greenhill & Co. (NYSE GHL) traded up 0.883% during trading on Wednesday, hitting $14.275. The company had a trading volume of 361,951 shares. The stock’s 50-day moving average is $17.05 and its 200 day moving average is $22.85. The firm has a market capitalization of $423.08 million, a P/E ratio of 10.914 and a beta of 1.30. Greenhill & Co. has a 52-week low of $14.05 and a 52-week high of $32.45.
Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.10. The firm had revenue of $67.27 million during the quarter, compared to analyst estimates of $72.25 million. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.68%. Greenhill & Co.’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Equities research analysts predict that Greenhill & Co. will post $0.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 12.72%. Greenhill & Co.’s dividend payout ratio (DPR) is presently 135.34%.
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Greenhill & Co. Company Profile
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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