Griffon Corporation (GFF) Receiving Somewhat Favorable Media Coverage, Study Finds
News stories about Griffon Corporation (NYSE:GFF) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Griffon Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 45.2295528484411 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Griffon Corporation (GFF) opened at 22.05 on Wednesday. Griffon Corporation has a 12-month low of $16.30 and a 12-month high of $27.15. The stock has a market capitalization of $919.09 million, a price-to-earnings ratio of 29.09 and a beta of 1.42. The firm has a 50-day moving average of $20.82 and a 200 day moving average of $21.65.
Griffon Corporation (NYSE:GFF) last released its earnings results on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.08). The business had revenue of $473.32 million for the quarter. Griffon Corporation had a return on equity of 8.46% and a net margin of 1.79%. On average, analysts predict that Griffon Corporation will post $0.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 24th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. Griffon Corporation’s dividend payout ratio (DPR) is presently 29.63%.
Separately, BidaskClub lowered shares of Griffon Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.
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Griffon Corporation Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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