Griffon (NYSE:GFF) Announces Quarterly Earnings Results

Griffon (NYSE:GFF - Get Free Report) issued its earnings results on Thursday. The conglomerate reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.10, Zacks reports. The company had revenue of $611.75 million for the quarter, compared to the consensus estimate of $618.23 million. Griffon had a return on equity of 120.61% and a net margin of 9.13%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. Griffon updated its FY 2025 guidance to EPS.

Griffon Stock Performance

Griffon stock traded down $2.41 during trading hours on Friday, reaching $68.51. 422,221 shares of the company were exchanged, compared to its average volume of 441,920. Griffon has a 12 month low of $55.01 and a 12 month high of $86.73. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 13.98 and a beta of 1.17. The company has a current ratio of 2.51, a quick ratio of 1.34 and a debt-to-equity ratio of 6.44. The stock has a 50-day moving average of $69.65 and a 200 day moving average of $72.97.

Griffon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 30th. Griffon's payout ratio is 14.91%.

Analyst Ratings Changes

GFF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Griffon in a research report on Tuesday, April 1st. They issued a "buy" rating and a $91.00 target price for the company. Stephens boosted their target price on Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Raymond James reaffirmed a "strong-buy" rating and issued a $100.00 target price (up from $95.00) on shares of Griffon in a research report on Friday. StockNews.com upgraded Griffon from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, Loop Capital upgraded Griffon to a "strong-buy" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average target price of $98.20.

About Griffon

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.

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