Griffon (GFF) Expected to Announce Quarterly 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.

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

Griffon Stock Up 0.2 %

Shares of NYSE:GFF opened at $77.07 on Wednesday. The company has a debt-to-equity ratio of 6.74, a quick ratio of 1.44 and a current ratio of 2.66. Griffon has a 52-week low of $55.01 and a 52-week high of $86.73. The company has a market capitalization of $3.69 billion, a PE ratio of 18.22 and a beta of 1.43. The company has a fifty day moving average of $76.83 and a 200-day moving average of $70.60.

Griffon declared that its board has initiated a stock buyback plan on Wednesday, November 13th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the conglomerate to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Griffon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, November 25th. This is a boost from Griffon’s previous quarterly dividend of $0.15. Griffon’s dividend payout ratio is presently 17.02%.

Insider Transactions at Griffon

In other news, Director James W. Sight sold 3,660 shares of Griffon stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $76.42, for a total value of $279,697.20. Following the completion of the sale, the director now owns 16,708 shares in the company, valued at $1,276,825.36. The trade was a 17.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Victor Eugene Renuart sold 4,500 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $84.46, for a total transaction of $380,070.00. Following the transaction, the director now directly owns 19,312 shares in the company, valued at approximately $1,631,091.52. This represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 365,170 shares of company stock valued at $27,178,746. Corporate insiders own 16.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.