News articles about Greenhill & Co. (NYSE:GHL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Greenhill & Co. earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.5584535998089 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- 2 Picks in Financial Advisors Ahead of Q3 Earnings (finance.yahoo.com)
- Greenhill & Co., Inc. (GHL) Stock Rating Lowered by Sandler O’Neill (americanbankingnews.com)
- Greenhill & Co Inc: Boosts buybacks, loan recapitalization plan (timesofindia.indiatimes.com)
- BRIEF-GREENHILL ANNOUNCES INCREASE IN PLANNED SHARE REPURCHASE TO $285 MLN (GHL) (markets.businessinsider.com)
- Greenhill Announces Revised Terms for Recapitalization and Share Repurchase (finance.yahoo.com)
Shares of Greenhill & Co. (NYSE GHL) traded down 0.88% during midday trading on Thursday, hitting $16.95. 862,036 shares of the stock traded hands. Greenhill & Co. has a 12-month low of $13.80 and a 12-month high of $32.45. The company’s 50 day moving average price is $15.32 and its 200-day moving average price is $20.28. The stock has a market cap of $502.36 million, a price-to-earnings ratio of 12.96 and a beta of 1.27.
Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $67.27 million for the quarter, compared to analyst estimates of $72.25 million. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.68%. The company’s revenue was down 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. On average, equities research analysts expect that Greenhill & Co. will post $0.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 12th. This represents a $1.80 annualized dividend and a dividend yield of 10.62%. Greenhill & Co.’s payout ratio is 135.34%.
Greenhill & Co. declared that its Board of Directors has authorized a stock repurchase plan on Monday, September 25th that permits the company to buyback $235.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy up to 55.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $21.00 price target on shares of Greenhill & Co. in a research note on Friday, July 14th. Sandler O’Neill downgraded shares of Greenhill & Co. from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $18.00 in a research note on Tuesday. ValuEngine downgraded shares of Greenhill & Co. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. Nomura reduced their target price on shares of Greenhill & Co. from $16.00 to $14.00 and set a “reduce” rating on the stock in a research note on Tuesday, September 26th. Finally, Buckingham Research increased their target price on shares of Greenhill & Co. from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Six equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Greenhill & Co. currently has a consensus rating of “Sell” and a consensus target price of $18.33.
About Greenhill & Co.
Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.
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