Greenhill & Co., Inc. (GHL) Expected to Announce Earnings of $0.18 Per Share

Equities research analysts expect Greenhill & Co., Inc. (NYSE:GHL) to post earnings per share of $0.18 for the current quarter, according to Zacks. Zero analysts have issued estimates for Greenhill & Co., Inc.’s earnings. Greenhill & Co., Inc. posted earnings of ($0.18) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 17th.

According to Zacks, analysts expect that Greenhill & Co., Inc. will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.15 to $1.38. For the next year, analysts expect that the business will post earnings of $1.14 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Greenhill & Co., Inc..

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. Greenhill & Co., Inc. had a positive return on equity of 3.15% and a negative net margin of 5.25%. The company had revenue of $88.50 million for the quarter, compared to the consensus estimate of $79.93 million. During the same quarter in the prior year, the company posted $0.20 EPS. Greenhill & Co., Inc.’s quarterly revenue was up 31.6% on a year-over-year basis.

A number of equities analysts have recently issued reports on GHL shares. ValuEngine downgraded Greenhill & Co., Inc. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, July 5th. Sandler O’Neill set a $32.00 price target on Greenhill & Co., Inc. and gave the stock a “hold” rating in a research report on Friday, July 13th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $26.00 price target on shares of Greenhill & Co., Inc. in a research report on Friday, August 3rd. Finally, Bank of America increased their price target on Greenhill & Co., Inc. from $15.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Greenhill & Co., Inc. currently has an average rating of “Hold” and an average target price of $23.00.

In other news, President Kevin M. Costantino sold 8,175 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $32.24, for a total transaction of $263,562.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of GHL. UBS Group AG boosted its position in Greenhill & Co., Inc. by 9,065.1% during the first quarter. UBS Group AG now owns 547,067 shares of the financial services provider’s stock valued at $10,121,000 after purchasing an additional 541,098 shares in the last quarter. American Century Companies Inc. bought a new stake in Greenhill & Co., Inc. during the second quarter valued at about $6,417,000. Citadel Advisors LLC boosted its position in Greenhill & Co., Inc. by 161.5% during the first quarter. Citadel Advisors LLC now owns 302,880 shares of the financial services provider’s stock valued at $5,603,000 after purchasing an additional 187,075 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Greenhill & Co., Inc. by 54.9% during the first quarter. Russell Investments Group Ltd. now owns 453,857 shares of the financial services provider’s stock valued at $8,396,000 after purchasing an additional 160,775 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Greenhill & Co., Inc. by 4.6% during the first quarter. BlackRock Inc. now owns 3,470,328 shares of the financial services provider’s stock valued at $64,199,000 after purchasing an additional 153,888 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Shares of GHL remained flat at $$27.35 during midday trading on Friday. The stock had a trading volume of 21,542 shares, compared to its average volume of 367,137. Greenhill & Co., Inc. has a fifty-two week low of $16.25 and a fifty-two week high of $33.45. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 3.40. The company has a market cap of $612.65 million, a P/E ratio of -97.68 and a beta of 1.05.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 5th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, September 4th. Greenhill & Co., Inc.’s payout ratio is -71.43%.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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