Griffon (GFF) to Release Earnings on Wednesday

Griffon (NYSE:GFF - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Griffon to post earnings of $1.21 per share for the quarter.

Griffon (NYSE:GFF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The conglomerate reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.07). The company had revenue of $647.80 million during the quarter, compared to analyst estimates of $688.94 million. Griffon had a return on equity of 96.05% and a net margin of 7.27%. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 EPS. On average, analysts expect Griffon to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Griffon Price Performance

NYSE GFF traded up $0.73 on Thursday, reaching $67.98. 299,142 shares of the stock traded hands, compared to its average volume of 424,171. Griffon has a 12 month low of $42.13 and a 12 month high of $77.99. The company has a quick ratio of 1.39, a current ratio of 2.50 and a debt-to-equity ratio of 6.71. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.03 and a beta of 1.31. The firm's fifty day simple moving average is $66.39 and its 200 day simple moving average is $66.58.

Wall Street Analysts Forecast Growth

GFF has been the topic of a number of research reports. StockNews.com upgraded Griffon from a "buy" rating to a "strong-buy" rating in a report on Thursday. Stephens reissued an "overweight" rating and set a $85.00 target price on shares of Griffon in a research note on Tuesday, September 10th. Finally, Robert W. Baird upped their price target on shares of Griffon from $84.00 to $92.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $83.50.

Insiders Place Their Bets

In related news, Director Kevin F. Sullivan sold 12,447 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $65.00, for a total transaction of $809,055.00. Following the completion of the sale, the director now directly owns 50,390 shares of the company's stock, valued at approximately $3,275,350. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Robert F. Mehmel sold 912 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $70.06, for a total transaction of $63,894.72. Following the completion of the transaction, the chief operating officer now owns 746,611 shares in the company, valued at $52,307,566.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin F. Sullivan sold 12,447 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $65.00, for a total transaction of $809,055.00. Following the completion of the sale, the director now owns 50,390 shares in the company, valued at $3,275,350. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 260,464 shares of company stock valued at $17,244,450 over the last 90 days. 16.10% of the stock is currently owned by company insiders.

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.