Griffon Corp reports results for the quarter ended June 30 - Earnings Summary

• Griffon Corp GFF.N reported quarterly adjusted earnings of $1.50​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.24. The mean expectation of seven analysts for the quarter was for earnings of $1.49 per share. Wall Street expected results to range from $1.41 to $1.55 per share.

• Revenue fell 5.3% to $613.63 million from a year ago; analysts expected $648.60 million.

• Griffon Corp's reported EPS for the quarter was a loss of $2.65​.

• The company reported a quarterly loss of $120.14 million.

• Griffon Corp shares had risen by 13.8% this quarter and gained 15.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for Griffon Corp is $95.00, about 13.3% above its last closing price of $82.34

This summary was machine generated from LSEG data August 6 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)