Griffon (NYSE:GFF – Get Free Report) released its earnings results on Wednesday. The conglomerate reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.51, Briefing.com reports. The business had revenue of $672.88 million for the quarter, compared to analysts’ expectations of $625.22 million. Griffon had a return on equity of 72.80% and a net margin of 2.65%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Griffon updated its FY 2024 guidance to EPS.
Griffon Stock Performance
Griffon stock traded down $0.44 during midday trading on Friday, hitting $73.81. The company’s stock had a trading volume of 142,339 shares, compared to its average volume of 381,244. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 55.43 and a beta of 1.43. The company has a debt-to-equity ratio of 5.02, a current ratio of 2.46 and a quick ratio of 1.24. The company has a 50-day moving average price of $69.79 and a two-hundred day moving average price of $60.20. Griffon has a 1-year low of $30.09 and a 1-year high of $77.99.
Griffon Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, May 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 29th. Griffon’s dividend payout ratio (DPR) is currently 44.78%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on GFF
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.
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