Griffon (GFF) Expected to Announce Earnings on Wednesday

Griffon (NYSE:GFF) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $637.58 million for the quarter. Griffon has set its FY 2025 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Griffon (NYSE:GFF) last posted its quarterly earnings data on Wednesday, November 13th. The conglomerate reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.29. Griffon had a return on equity of 108.70% and a net margin of 8.00%. The company had revenue of $659.70 million for the quarter, compared to analysts’ expectations of $641.24 million. During the same period in the previous year, the firm posted $1.19 EPS. Griffon’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect Griffon to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Griffon Trading Down 2.4 %

GFF opened at $73.95 on Tuesday. The company has a debt-to-equity ratio of 6.74, a current ratio of 2.66 and a quick ratio of 1.44. The company’s 50 day simple moving average is $76.34 and its two-hundred day simple moving average is $70.77. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.48 and a beta of 1.43. Griffon has a 1-year low of $55.01 and a 1-year high of $86.73.

Griffon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were given a $0.18 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.72 dividend on an annualized basis and a yield of 0.97%. This is an increase from Griffon’s previous quarterly dividend of $0.15. Griffon’s payout ratio is currently 17.02%.

Griffon declared that its board has approved a stock repurchase program on Wednesday, November 13th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the conglomerate to purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GFF shares. Robert W. Baird lifted their price target on shares of Griffon from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com upgraded Griffon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 23rd. Finally, Stephens increased their target price on Griffon from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th.

Insider Activity

In related news, CEO Ronald J. Kramer sold 241,757 shares of Griffon stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $75.35, for a total value of $18,216,389.95. Following the completion of the transaction, the chief executive officer now directly owns 1,860,746 shares in the company, valued at approximately $140,207,211.10. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James W. Sight sold 3,660 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $76.42, for a total transaction of $279,697.20. Following the sale, the director now directly owns 16,708 shares in the company, valued at $1,276,825.36. This trade represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 365,170 shares of company stock valued at $27,178,746 over the last 90 days. Insiders own 16.10% of the company’s stock.

About Griffon

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.