Griffon Corp. (NYSE: GFF) has reported earnings for its third fiscal quarter (ending June 30) of $0.87 versus $0.94 for the same period a year ago — a decline of -7%. This result fell short of the consensus estimate of $1.31 by $-0.44. For the latest four quarters through June 30, E.P.S. were $3.91 compared to $-7.29 a year ago.
Recent Price Action
Griffon Corp. (NYSE: GFF) stock suffered a major decline of -20.1% on 8/7/24. The shares closed at $55.61. Moreover, trading volume in this decline was exceptionally high at 273% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -24.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GFF is expected to continue to be a major Value Builder.
Griffon has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Griffon has a neutral Appreciation Score of 52 but a very high Power Rating of 92, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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