Graham (NYSE:GHC) Issues Earnings Results

Graham (NYSE:GHC) posted its quarterly earnings data on Thursday. The company reported $18.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $18.36 by $0.41, FiscalAI reports. Graham had a return on equity of 6.02% and a net margin of 9.66%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion.

Graham Stock Up 0.4%

Shares of NYSE:GHC traded up $4.57 on Friday, hitting $1,166.61. 32,071 shares of the company traded hands, compared to its average volume of 25,205. Graham has a 52 week low of $990.09 and a 52 week high of $1,262.34. The company has a quick ratio of 1.59, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $1,161.70 and a 200-day simple moving average of $1,136.86. The company has a market cap of $4.94 billion, a PE ratio of 10.25 and a beta of 0.70.

Graham Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be issued a dividend of $1.88 per share. The ex-dividend date is Thursday, October 15th. This represents a $7.52 annualized dividend and a dividend yield of 0.6%. Graham’s dividend payout ratio (DPR) is presently 6.61%.

Wall Street Analyst Weigh In

GHC has been the subject of several research reports. Weiss Ratings upgraded shares of Graham from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. Wall Street Zen lowered shares of Graham from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

About Graham

Graham Holdings Company is a diversified American holding company formerly known as The Washington Post Company. The company changed its name in 2013 after the sale of the newspaper publishing business to Jeff Bezos. Today, Graham Holdings operates a portfolio of businesses across education, media, healthcare, automotive, manufacturing and other industries.

Its largest business is Kaplan, a provider of educational services, professional training and test preparation. Graham Holdings also owns Graham Media Group, which operates local television stations in several U.S.