Griffon (NYSE:GFF) Posts Earnings Results, Beats Estimates By $0.46 EPS

Griffon (NYSE:GFF) issued its quarterly earnings results on Thursday. The conglomerate reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.46, MarketWatch Earnings reports. The company had revenue of $632.06 million for the quarter, compared to the consensus estimate of $548.10 million. Griffon had a net margin of 2.13% and a return on equity of 14.23%.

NYSE GFF traded up $2.23 during trading on Friday, hitting $22.87. 893,313 shares of the company’s stock traded hands, compared to its average volume of 126,613. The business has a 50 day moving average of $18.40 and a 200-day moving average of $17.32. Griffon has a 12-month low of $9.15 and a 12-month high of $27.53. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.24 and a beta of 2.21. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.40 and a current ratio of 2.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.31%. Griffon’s dividend payout ratio (DPR) is presently 27.78%.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Griffon from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, July 22nd. ValuEngine downgraded shares of Griffon from a “sell” rating to a “strong sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.33.

Griffon Company Profile

Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.

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Earnings History for Griffon (NYSE:GFF)

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