Wall Street analysts forecast that Griffon Co. (NYSE:GFF) will post earnings of $0.41 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Griffon’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.45. Griffon posted earnings of $0.59 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 30.5%. The business is expected to issue its next quarterly earnings report on Thursday, July 29th.
According to Zacks, analysts expect that Griffon will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.89 to $1.95. For the next financial year, analysts expect that the business will report earnings of $2.15 per share, with EPS estimates ranging from $2.07 to $2.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Griffon.
Griffon (NYSE:GFF) last released its quarterly earnings results on Thursday, April 29th. The conglomerate reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.16. Griffon had a return on equity of 15.13% and a net margin of 3.49%. The business had revenue of $634.83 million for the quarter, compared to the consensus estimate of $621.83 million.
A number of institutional investors have recently bought and sold shares of GFF. Westwood Holdings Group Inc. bought a new stake in Griffon during the 1st quarter valued at approximately $27,167,000. Norges Bank bought a new stake in Griffon during the 4th quarter valued at approximately $10,567,000. Select Equity Group L.P. boosted its position in Griffon by 31.0% during the 4th quarter. Select Equity Group L.P. now owns 1,713,066 shares of the conglomerate’s stock valued at $34,912,000 after acquiring an additional 405,574 shares in the last quarter. BlackRock Inc. boosted its position in Griffon by 5.4% during the 1st quarter. BlackRock Inc. now owns 7,298,964 shares of the conglomerate’s stock valued at $198,313,000 after acquiring an additional 374,208 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in Griffon during the 4th quarter valued at approximately $3,972,000. 72.61% of the stock is currently owned by institutional investors and hedge funds.
NYSE GFF opened at $24.61 on Monday. The company’s 50-day moving average price is $25.68. Griffon has a twelve month low of $17.92 and a twelve month high of $29.19. The company has a quick ratio of 1.54, a current ratio of 2.60 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $1.39 billion, a P/E ratio of 11.73 and a beta of 1.97.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 17th. Investors of record on Thursday, May 20th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, May 19th. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. Griffon’s payout ratio is presently 19.75%.
Griffon Corporation, through its subsidiaries, engages in the consumer and professional products, home and building products, and defense electronics businesses primarily in the United States, Europe, Canada, Australia, the United Kingdom, Mexico, and China. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools.
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