$0.45 EPS Expected for Greenhill & Co., Inc. (GHL) This Quarter

Brokerages predict that Greenhill & Co., Inc. (NYSE:GHL) will post $0.45 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Greenhill & Co., Inc.’s earnings. Greenhill & Co., Inc. reported earnings per share of $0.20 during the same quarter last year, which would suggest a positive year-over-year growth rate of 125%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 2nd.

On average, analysts expect that Greenhill & Co., Inc. will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.30. For the next year, analysts expect that the business will report earnings of $1.08 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Greenhill & Co., Inc..

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.20. Greenhill & Co., Inc. had a negative net margin of 7.24% and a negative return on equity of 0.10%. The business had revenue of $88.50 million for the quarter, compared to analyst estimates of $79.93 million. During the same period in the prior year, the business posted $0.20 earnings per share. Greenhill & Co., Inc.’s revenue was up 31.6% compared to the same quarter last year.

Several equities analysts recently weighed in on GHL shares. Zacks Investment Research upgraded shares of Greenhill & Co., Inc. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 11th. Sandler O’Neill restated a “hold” rating and issued a $20.00 price objective on shares of Greenhill & Co., Inc. in a report on Thursday, April 12th. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Keefe, Bruyette & Woods lowered shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $22.00 to $25.00 in a report on Wednesday, June 6th. Finally, Bank of America increased their price objective on shares of Greenhill & Co., Inc. from $15.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, July 16th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.86.

In other Greenhill & Co., Inc. news, President David Wyles sold 29,242 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $25.62, for a total value of $749,180.04. Following the completion of the sale, the president now owns 24,388 shares of the company’s stock, valued at $624,820.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of GHL. UBS Group AG increased its stake in Greenhill & Co., Inc. by 9,065.1% in the first quarter. UBS Group AG now owns 547,067 shares of the financial services provider’s stock valued at $10,121,000 after purchasing an additional 541,098 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Greenhill & Co., Inc. by 161.5% during the first quarter. Citadel Advisors LLC now owns 302,880 shares of the financial services provider’s stock worth $5,603,000 after acquiring an additional 187,075 shares in the last quarter. Millennium Management LLC increased its position in shares of Greenhill & Co., Inc. by 46.0% during the fourth quarter. Millennium Management LLC now owns 525,487 shares of the financial services provider’s stock worth $10,247,000 after acquiring an additional 165,584 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Greenhill & Co., Inc. by 54.9% during the first quarter. Russell Investments Group Ltd. now owns 453,857 shares of the financial services provider’s stock worth $8,396,000 after acquiring an additional 160,775 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Greenhill & Co., Inc. by 4.6% during the first quarter. BlackRock Inc. now owns 3,470,328 shares of the financial services provider’s stock worth $64,199,000 after acquiring an additional 153,888 shares in the last quarter.

NYSE GHL traded up $0.15 during trading hours on Thursday, hitting $32.90. The company’s stock had a trading volume of 570,400 shares, compared to its average volume of 509,666. Greenhill & Co., Inc. has a twelve month low of $13.80 and a twelve month high of $33.45. The firm has a market capitalization of $772.84 million, a P/E ratio of -117.50 and a beta of 1.14. The company has a debt-to-equity ratio of 1.97, a current ratio of 4.71 and a quick ratio of 4.71.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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