Griffon (GFF) to Release Quarterly Earnings on Thursday

Griffon (NYSE:GFF) is scheduled to be releasing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect Griffon to post earnings of $0.28 per share for the quarter.

Griffon (NYSE:GFF) last issued its earnings results on Thursday, May 2nd. The conglomerate reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $549.63 million during the quarter, compared to analyst estimates of $556.35 million. Griffon had a return on equity of 9.03% and a net margin of 0.57%. On average, analysts expect Griffon to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE GFF traded up $0.60 on Tuesday, reaching $16.72. 2,196 shares of the stock traded hands, compared to its average volume of 91,689. The company has a current ratio of 2.70, a quick ratio of 1.45 and a debt-to-equity ratio of 2.54. The stock’s fifty day simple moving average is $16.25. The company has a market cap of $762.38 million, a P/E ratio of 21.92 and a beta of 2.25. Griffon has a 12 month low of $9.65 and a 12 month high of $19.86.

A number of brokerages have weighed in on GFF. Zacks Investment Research lowered Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Robert W. Baird began coverage on Rocket Pharmaceuticals in a research report on Monday, April 22nd. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.20.

Griffon Company Profile

Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.

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Earnings History for Griffon (NYSE:GFF)

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