News coverage about Griffon Corporation (NYSE:GFF) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. 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 Corporation earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.5471237286038 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Griffon Corporation (GFF) traded up 1.90% during mid-day trading on Friday, reaching $18.80. 87,331 shares of the company’s stock were exchanged. The stock has a market cap of $783.62 million, a price-to-earnings ratio of 24.80 and a beta of 1.39. The stock has a 50 day moving average price of $20.37 and a 200 day moving average price of $22.86. Griffon Corporation has a 52 week low of $15.88 and a 52 week high of $27.15.
Griffon Corporation (NYSE:GFF) last released its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $473.32 million during the quarter. Griffon Corporation had a return on equity of 8.46% and a net margin of 1.79%. Equities research analysts predict that Griffon Corporation will post $0.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 24th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.28%. Griffon Corporation’s dividend payout ratio (DPR) is 29.63%.
Separately, BidaskClub cut shares of Griffon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
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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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