Equities analysts expect Griffon Co. (NYSE:GFF) to report $686.00 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Griffon’s earnings. The lowest sales estimate is $668.00 million and the highest is $704.00 million. Griffon reported sales of $660.67 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The company is expected to report its next earnings report on Thursday, November 11th.
According to Zacks, analysts expect that Griffon will report full-year sales of $2.58 billion for the current year, with estimates ranging from $2.56 billion to $2.60 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.62 billion, with estimates ranging from $2.62 billion to $2.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Griffon.
Griffon (NYSE:GFF) last issued its quarterly earnings data on Thursday, July 29th. The conglomerate reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Griffon had a return on equity of 13.32% and a net margin of 3.27%. The firm had revenue of $646.79 million during the quarter, compared to analyst estimates of $616.85 million.
Shares of NYSE GFF traded down $0.06 during midday trading on Wednesday, reaching $25.25. The company’s stock had a trading volume of 96,586 shares, compared to its average volume of 228,485. Griffon has a 12-month low of $19.17 and a 12-month high of $29.19. The firm has a 50 day moving average price of $23.82 and a 200-day moving average price of $25.30. The stock has a market capitalization of $1.43 billion, a P/E ratio of 15.88 and a beta of 1.97. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.63 and a quick ratio of 1.54.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, August 19th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 18th. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. Griffon’s dividend payout ratio is currently 19.75%.
Institutional investors have recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new position in Griffon in the first quarter valued at $27,000. Horan Securities Inc. bought a new position in Griffon in the second quarter valued at $26,000. FORA Capital LLC bought a new position in Griffon in the first quarter valued at $29,000. Sowell Financial Services LLC increased its stake in Griffon by 59.5% in the first quarter. Sowell Financial Services LLC now owns 1,587 shares of the conglomerate’s stock valued at $45,000 after acquiring an additional 592 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Griffon in the second quarter valued at $51,000. 72.74% of the stock is currently owned by hedge funds and other institutional investors.
Griffon Company Profile
Griffon Corp. is a diversified management and holding company, which conducts business through its subsidiaries. It provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities. The company operates through three reportable segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics.
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