Greenhill & Co., Inc. (NYSE:GHL) Posts Earnings Results, Misses Expectations By $0.98 EPS

Greenhill & Co., Inc. (NYSE:GHL) posted its quarterly earnings data on Wednesday. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.98), Briefing.com reports. Greenhill & Co., Inc. had a negative net margin of 2.03% and a negative return on equity of 7.72%. The business had revenue of $56.10 million during the quarter, compared to analyst estimates of $64.26 million. During the same quarter last year, the business earned $0.38 earnings per share. Greenhill & Co., Inc.’s revenue for the quarter was down 36.6% on a year-over-year basis.

Shares of NYSE:GHL traded up $1.18 during midday trading on Friday, hitting $14.14. The stock had a trading volume of 508,349 shares, compared to its average volume of 249,261. Greenhill & Co., Inc. has a 12 month low of $12.65 and a 12 month high of $33.45. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 11.46. The business has a 50-day moving average of $14.35. The firm has a market capitalization of $349.58 million, a P/E ratio of 8.78 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.41%. Greenhill & Co., Inc.’s dividend payout ratio is presently 12.42%.

Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its stake in shares of Greenhill & Co., Inc. by 2.2% in the first quarter. Bank of Montreal Can now owns 20,521 shares of the financial services provider’s stock valued at $441,000 after buying an additional 439 shares in the last quarter. Texas Permanent School Fund boosted its position in Greenhill & Co., Inc. by 4.7% during the first quarter. Texas Permanent School Fund now owns 11,942 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 535 shares during the period. New York State Teachers Retirement System boosted its position in Greenhill & Co., Inc. by 1.4% during the first quarter. New York State Teachers Retirement System now owns 54,859 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 773 shares during the period. Quantamental Technologies LLC boosted its position in Greenhill & Co., Inc. by 30.0% during the first quarter. Quantamental Technologies LLC now owns 5,632 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,300 shares during the period. Finally, Intrepid Capital Management Inc. boosted its position in Greenhill & Co., Inc. by 1.3% during the first quarter. Intrepid Capital Management Inc. now owns 107,778 shares of the financial services provider’s stock worth $2,318,000 after purchasing an additional 1,350 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. Buckingham Research lowered their price objective on shares of Greenhill & Co., Inc. from $29.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Friday, July 19th. TheStreet downgraded shares of Greenhill & Co., Inc. from a “b-” rating to a “c-” rating in a report on Friday, May 31st. Finally, Keefe, Bruyette & Woods cut shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $23.50 to $23.00 in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.67.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.

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Earnings History for Greenhill & Co., Inc. (NYSE:GHL)

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