Greenhill & Co., Inc. (NYSE:GHL) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Greenhill & Co., Inc. (NYSE:GHL) released its earnings results on Tuesday. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.11, reports. The firm had revenue of $87.04 million for the quarter, compared to the consensus estimate of $89.22 million. Greenhill & Co., Inc. had a negative return on equity of 0.84% and a negative net margin of 0.72%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Shares of NYSE GHL traded down $0.30 during trading hours on Friday, hitting $18.55. 9,382 shares of the company traded hands, compared to its average volume of 271,535. The company has a debt-to-equity ratio of 17.56, a quick ratio of 4.00 and a current ratio of 4.00. The company’s 50 day moving average price is $14.70 and its 200 day moving average price is $15.48. Greenhill & Co., Inc. has a 12 month low of $12.25 and a 12 month high of $31.08.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, December 3rd.

In related news, CEO Scott L. Bok bought 36,761 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $13.71 per share, with a total value of $503,993.31. Following the transaction, the chief executive officer now owns 16,791 shares in the company, valued at approximately $230,204.61. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 20.80% of the company’s stock.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Friday. Buckingham Research cut their target price on Greenhill & Co., Inc. from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Zacks Investment Research downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.80.

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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Earnings History for Greenhill & Co., Inc. (NYSE:GHL)

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