Greenhill & Co., Inc. (GHL) Expected to Post Earnings of -$0.24 Per Share

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Equities research analysts expect Greenhill & Co., Inc. (NYSE:GHL) to post earnings per share (EPS) of ($0.24) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Greenhill & Co., Inc.’s earnings. Greenhill & Co., Inc. reported earnings per share of $0.34 in the same quarter last year, which suggests a negative year over year growth rate of 170.6%. The firm is expected to announce its next earnings results after the market closes on Monday, April 29th.

On average, analysts expect that Greenhill & Co., Inc. will report full-year earnings of $1.08 per share for the current financial year. For the next year, analysts expect that the firm will post earnings of $1.37 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Greenhill & Co., Inc..

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.22). The business had revenue of $89.10 million during the quarter, compared to analysts’ expectations of $91.55 million. Greenhill & Co., Inc. had a net margin of 11.14% and a return on equity of 45.03%. Greenhill & Co., Inc.’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.85) EPS.

A number of equities research analysts have recently commented on the company. ValuEngine downgraded Greenhill & Co., Inc. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Zacks Investment Research downgraded Greenhill & Co., Inc. from a “strong-buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Friday, January 4th. UBS Group raised Greenhill & Co., Inc. from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $22.00 in a research report on Thursday, March 21st. Sandler O’Neill downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, TheStreet raised Greenhill & Co., Inc. from a “c” rating to a “b-” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.00.

In related news, President David Wyles sold 33,369 shares of Greenhill & Co., Inc. stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $25.08, for a total value of $836,894.52. Following the transaction, the president now owns 9,971 shares in the company, valued at $250,072.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings 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 acquiring an additional 26,333 shares during the last quarter. Norges Bank acquired a new position in Greenhill & Co., Inc. in the fourth quarter valued at $6,255,000. Public Employees Retirement System of Ohio boosted its holdings in Greenhill & Co., Inc. by 704.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 26,805 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 23,474 shares during the last quarter. Millennium Management LLC boosted its holdings in Greenhill & Co., Inc. by 73.3% in the fourth quarter. Millennium Management LLC now owns 297,687 shares of the financial services provider’s stock valued at $7,264,000 after acquiring an additional 125,872 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Greenhill & Co., Inc. in the fourth quarter valued at $123,000. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Shares of NYSE:GHL opened at $22.58 on Friday. The firm has a market capitalization of $457.50 million, a PE ratio of 12.93 and a beta of 0.76. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 5.42. Greenhill & Co., Inc. has a 52 week low of $19.40 and a 52 week high of $33.45.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Tuesday, March 5th. Greenhill & Co., Inc.’s dividend payout ratio is currently 12.42%.

About Greenhill & Co., Inc.

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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