Griffon (GFF) Receiving Somewhat Critical News Coverage, Analysis Shows
News coverage about Griffon (NYSE:GFF) has been trending somewhat negative recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Griffon earned a news impact score of -0.07 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 46.1321362922044 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Griffon (NYSE:GFF) opened at $20.80 on Tuesday. The company has a market cap of $984.07, a price-to-earnings ratio of 61.18 and a beta of 1.44. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.96 and a quick ratio of 2.15. Griffon has a 12 month low of $17.65 and a 12 month high of $26.40.
Griffon (NYSE:GFF) last announced its quarterly earnings results on Thursday, November 16th. The conglomerate reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $430.80 million during the quarter. Griffon had a net margin of 0.80% and a return on equity of 9.60%. During the same quarter in the prior year, the business earned $0.27 EPS.
In other news, Director Louis J. Grabowsky purchased 11,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average price of $23.30 per share, for a total transaction of $256,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 24.80% of the company’s stock.
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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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