Griffon Corp. (NYSE: GFF) has reported earnings for its second fiscal quarter (ending March 31) of $1.34 versus a loss $-1.17 for the same period a year ago. Relative to the consensus estimate of $1.06, this was a premium of $0.28. For the latest four quarters through March 31, E.P.S. were $3.97 versus $-7.21 for the same period a year ago.
Recent Price Action
Griffon Corp. (NYSE: GFF) stock enjoyed a very large increase of 7.3% on 5/8/24. The shares closed at $72.69. Moreover, trading volume in this advance was exceptionally high at 220% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.9% 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 A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Griffon has a neutral Appreciation Score of 50 but a very high Power Rating of 99, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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