Greenhill & Co., Inc. (NYSE:GHL) Expected to Post Earnings of $0.45 Per Share

Equities research analysts expect Greenhill & Co., Inc. (NYSE:GHL) to post earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Greenhill & Co., Inc.’s earnings. Greenhill & Co., Inc. reported earnings per share of $0.46 in the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is scheduled to report its next earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Greenhill & Co., Inc. will report full-year earnings of $0.82 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $1.46 per share. Zacks’ EPS averages are an average based on a survey of research analysts that follow Greenhill & Co., Inc..

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results on Monday, April 29th. The financial services provider reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.34). Greenhill & Co., Inc. had a return on equity of 32.81% and a net margin of 5.53%. The firm had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $57.43 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s quarterly revenue was down 41.5% on a year-over-year basis.

Several research firms have recently commented on GHL. ValuEngine upgraded Vermillion from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. TheStreet lowered Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Buckingham Research decreased their target price on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Investment Research lowered W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods lowered Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $23.50 to $23.00 in a report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.71.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its holdings in Greenhill & Co., Inc. by 38.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,641 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,853 shares during the period. New York State Common Retirement Fund raised its stake in Greenhill & Co., Inc. by 68.4% in the fourth quarter. New York State Common Retirement Fund now owns 42,448 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 17,248 shares in the last quarter. Deutsche Bank AG raised its stake in Greenhill & Co., Inc. by 36.7% in the fourth quarter. Deutsche Bank AG now owns 98,126 shares of the financial services provider’s stock valued at $2,392,000 after buying an additional 26,333 shares in the last quarter. Bank of America Corp DE raised its stake in Greenhill & Co., Inc. by 28.5% in the fourth quarter. Bank of America Corp DE now owns 35,868 shares of the financial services provider’s stock valued at $875,000 after buying an additional 7,957 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Greenhill & Co., Inc. in the fourth quarter valued at $321,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Shares of GHL traded up $0.01 during midday trading on Friday, hitting $14.38. 236,976 shares of the stock were exchanged, compared to its average volume of 236,245. Greenhill & Co., Inc. has a 52-week low of $13.00 and a 52-week high of $33.45. The stock’s fifty day moving average is $14.69. The firm has a market cap of $302.84 million, a price-to-earnings ratio of 8.93 and a beta of 0.85. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 11.46.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were issued a $0.05 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is presently 12.42%.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.

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