News articles about Griffon Corporation (NYSE:GFF) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Griffon Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the conglomerate an impact score of 45.671525170367 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, BidaskClub downgraded Griffon Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
Griffon Corporation (NYSE:GFF) traded down 2.22% during midday trading on Monday, reaching $22.05. The company had a trading volume of 2,745 shares. Griffon Corporation has a 1-year low of $16.40 and a 1-year high of $27.15. The firm has a 50-day moving average of $21.68 and a 200 day moving average of $21.57. The company has a market capitalization of $919.09 million, a P/E ratio of 29.09 and a beta of 1.42.
Griffon Corporation (NYSE:GFF) last announced its earnings results on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.08). Griffon Corporation had a net margin of 1.79% and a return on equity of 8.46%. The business had revenue of $473.32 million for the quarter. On average, equities research analysts forecast that Griffon Corporation will post $0.85 EPS for the current year.
About Griffon Corporation
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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