Somewhat Favorable News Coverage Somewhat Unlikely to Impact Griffon (GFF) Stock Price

Headlines about Griffon (NYSE:GFF) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Griffon earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 47.0917067302069 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Griffon opened at $22.65 on Friday, according to MarketBeat.com. Griffon has a fifty-two week low of $22.05 and a fifty-two week high of $22.45. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 34.69 and a beta of 1.35. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.45 and a quick ratio of 1.56.

Griffon (NYSE:GFF) last announced its quarterly earnings results on Thursday, May 3rd. The conglomerate reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $478.56 million during the quarter. Griffon had a return on equity of 6.62% and a net margin of 6.53%.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Friday, May 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 24th.

Separately, Sidoti assumed coverage on Griffon in a research note on Friday, March 9th. They set a “buy” rating on the stock.

About Griffon

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. Its Home & Building Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains.

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