Griffon (GFF) Projected to Post Quarterly Earnings on Wednesday

Griffon (NYSE:GFF) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $637.58 million for the quarter. Griffon has set its FY 2025 guidance at EPS.

Griffon (NYSE:GFF) last issued its quarterly earnings data on Wednesday, November 13th. The conglomerate reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.29. Griffon had a return on equity of 108.70% and a net margin of 8.00%. The firm had revenue of $659.70 million during the quarter, compared to analyst estimates of $641.24 million. During the same period in the previous year, the company posted $1.19 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Griffon to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Griffon Stock Up 0.2 %

GFF stock opened at $77.07 on Wednesday. The stock’s 50 day moving average is $76.83 and its 200-day moving average is $70.60. Griffon has a twelve month low of $55.01 and a twelve month high of $86.73. The firm has a market capitalization of $3.69 billion, a PE ratio of 18.22 and a beta of 1.43. The company has a quick ratio of 1.44, a current ratio of 2.66 and a debt-to-equity ratio of 6.74.

Griffon announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the conglomerate to buy up to 10.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Griffon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.93%. This is an increase from Griffon’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, November 25th. Griffon’s payout ratio is currently 17.02%.

Analyst Ratings Changes

A number of brokerages have issued reports on GFF. Robert W. Baird upped their price objective on shares of Griffon from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com raised Griffon from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 23rd. Finally, Stephens lifted their price target on Griffon from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th.

Insiders Place Their Bets

In other Griffon news, Director James W. Sight sold 3,660 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $76.42, for a total value of $279,697.20. Following the sale, the director now directly owns 16,708 shares in the company, valued at $1,276,825.36. The trade was a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ronald J. Kramer sold 67,164 shares of Griffon stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $70.08, for a total value of $4,706,853.12. Following the completion of the sale, the chief executive officer now directly owns 2,102,503 shares of the company’s stock, valued at approximately $147,343,410.24. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 365,170 shares of company stock valued at $27,178,746. Company insiders own 16.10% of the company’s stock.

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.