Wall Street analysts expect Griffon Co. (NYSE:GFF) to report earnings of $0.38 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Griffon’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.34. Griffon posted earnings of $0.36 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 15th.

According to Zacks, analysts expect that Griffon will report full-year earnings of $0.74 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.04 to $1.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Griffon.

Griffon (NYSE:GFF) last announced its quarterly earnings results on Wednesday, August 1st. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $516.55 million for the quarter. Griffon had a return on equity of 7.23% and a net margin of 6.18%.

A number of research firms recently commented on GFF. Goldman Sachs Group began coverage on Griffon in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $18.00 price objective for the company. ValuEngine upgraded Griffon from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Robert W. Baird began coverage on Griffon in a research report on Thursday, September 13th. They set a “neutral” rating and a $20.00 price objective for the company. Deutsche Bank began coverage on Griffon in a research report on Friday, September 21st. They set a “hold” rating and a $18.00 price objective for the company. Finally, TheStreet cut Griffon from a “b-” rating to a “c+” rating in a research report on Friday, June 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.67.

Griffon stock traded down $0.35 during mid-day trading on Monday, reaching $15.18. 138,410 shares of the stock traded hands, compared to its average volume of 181,511. The stock has a market cap of $736.69 million, a PE ratio of 17.45 and a beta of 1.30. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.31 and a current ratio of 2.26. Griffon has a 12-month low of $15.06 and a 12-month high of $24.50.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Thursday, August 23rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, August 22nd. Griffon’s dividend payout ratio (DPR) is presently 32.18%.

Griffon announced that its board has approved a share repurchase plan on Wednesday, August 1st that permits the company to buyback $50.00 million in shares. This buyback authorization permits the conglomerate to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

In other news, Director Henry A. Alpert acquired 5,000 shares of Griffon stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average price of $18.09 per share, for a total transaction of $90,450.00. Following the completion of the transaction, the director now owns 64,741 shares in the company, valued at $1,171,164.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in Griffon in the second quarter worth about $150,000. Penn Capital Management Co. Inc. purchased a new stake in Griffon in the second quarter worth about $3,297,000. Rhumbline Advisers increased its position in Griffon by 3.8% in the second quarter. Rhumbline Advisers now owns 81,453 shares of the conglomerate’s stock worth $1,450,000 after buying an additional 2,946 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in Griffon in the second quarter worth about $1,071,000. Finally, Principal Financial Group Inc. increased its position in Griffon by 3.0% in the first quarter. Principal Financial Group Inc. now owns 232,851 shares of the conglomerate’s stock worth $4,250,000 after buying an additional 6,704 shares in the last quarter. Institutional investors own 64.38% of the company’s stock.

Griffon Company Profile

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. Its Home & Building Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains.

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