Griffon Corporation (GFF) Releases Quarterly Earnings Results
Griffon Corporation (NYSE:GFF) announced its quarterly earnings results on Thursday. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01, Bloomberg Earnings reports. Griffon Corporation had a net margin of 1.79% and a return on equity of 8.46%. During the same period in the prior year, the firm earned $0.27 EPS.
Griffon Corporation (NYSE GFF) traded down $1.25 during mid-day trading on Friday, hitting $22.50. 138,521 shares of the company were exchanged, compared to its average volume of 122,554. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.57 and a current ratio of 2.72. Griffon Corporation has a 1-year low of $17.65 and a 1-year high of $27.15. The firm has a market cap of $1,120.00, a PE ratio of 26.54 and a beta of 1.42.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Griffon Corporation’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, November 28th. Griffon Corporation’s dividend payout ratio is 30.00%.
Separately, BidaskClub downgraded shares of Griffon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
Griffon Corporation Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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