Griffon (GFF) Scheduled to Post Quarterly Earnings on Wednesday

Griffon (NYSE:GFF - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect Griffon to post earnings of $0.92 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Griffon (NYSE:GFF - Get Free Report) last posted its earnings results on Wednesday, February 7th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.29. The firm had revenue of $643.20 million during the quarter, compared to analyst estimates of $595.87 million. Griffon had a net margin of 2.65% and a return on equity of 72.80%. Griffon's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. On average, analysts expect Griffon to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Griffon Stock Performance

Griffon stock traded up $1.62 during mid-day trading on Thursday, hitting $68.80. 390,824 shares of the company's stock traded hands, compared to its average volume of 378,607. Griffon has a one year low of $28.42 and a one year high of $75.18. The company has a market cap of $3.51 billion, a PE ratio of 50.13 and a beta of 1.43. The firm has a 50 day moving average price of $69.67 and a 200 day moving average price of $59.05. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 5.02.

Griffon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, February 28th. Griffon's payout ratio is currently 44.78%.

Insider Activity

In related news, Director James W. Sight sold 2,000 shares of Griffon stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $67.38, for a total value of $134,760.00. Following the transaction, the director now owns 18,843 shares of the company's stock, valued at approximately $1,269,641.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Raymond James upped their price target on shares of Griffon from $60.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Monday, February 5th. StockNews.com lowered Griffon from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 2nd. Robert W. Baird upped their price objective on Griffon from $82.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Griffon from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $69.50.

Griffon Company Profile

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.