Griffon (GFF) Earning Somewhat Positive Media Coverage, Report Shows

News articles about Griffon (NYSE:GFF) have trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Griffon earned a news impact score of 0.06 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 45.9733334124687 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Griffon (NYSE:GFF) opened at $20.35 on Friday. The firm has a market cap of $988.80, a P/E ratio of 59.85 and a beta of 1.42. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.96 and a quick ratio of 2.15. Griffon has a 12 month low of $17.65 and a 12 month high of $27.15.

Griffon (NYSE:GFF) last released its quarterly earnings data on Thursday, November 16th. The conglomerate reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $430.80 million for the quarter. Griffon had a net margin of 0.80% and a return on equity of 9.60%. During the same quarter in the prior year, the company posted $0.27 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, November 28th. This is a positive change from Griffon’s previous quarterly dividend of $0.06. Griffon’s dividend payout ratio is currently 82.35%.

In related news, Director Louis J. Grabowsky acquired 11,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $23.30 per share, for a total transaction of $256,300.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 26.40% of the stock is currently owned by corporate insiders.

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Griffon 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).

Insider Buying and Selling by Quarter for Griffon (NYSE:GFF)

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