Equities research analysts forecast that Greenhill & Co., Inc. (NYSE:GHL) will post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Greenhill & Co., Inc.’s earnings. Greenhill & Co., Inc. posted earnings per share of $0.74 in the same quarter last year, which suggests a negative year over year growth rate of 71.6%. The company is expected to issue its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Greenhill & Co., Inc. will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.15. For the next year, analysts expect that the firm will report earnings of $0.87 per share, with EPS estimates ranging from $0.69 to $1.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Greenhill & Co., Inc..

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Greenhill & Co., Inc. had a net margin of 8.49% and a return on equity of 8.88%. The business had revenue of $48.09 million for the quarter, compared to the consensus estimate of $38.33 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s revenue was down 37.2% on a year-over-year basis.

A number of brokerages have commented on GHL. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price target on shares of Greenhill & Co., Inc. in a research report on Thursday, October 19th. Nomura reduced their price target on shares of Greenhill & Co., Inc. from $16.00 to $14.00 and set a “reduce” rating on the stock in a research report on Tuesday, September 26th. Buckingham Research increased their price target on shares of Greenhill & Co., Inc. from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, UBS reiterated a “sell” rating and set a $9.00 price target (down from $17.00) on shares of Greenhill & Co., Inc. in a research report on Monday, August 21st. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.88.

Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC bought a new position in shares of Greenhill & Co., Inc. in the third quarter worth approximately $3,497,000. California Public Employees Retirement System grew its holdings in shares of Greenhill & Co., Inc. by 4.7% in the third quarter. California Public Employees Retirement System now owns 149,692 shares of the financial services provider’s stock worth $2,485,000 after purchasing an additional 6,692 shares during the last quarter. Crestline Management LP bought a new position in shares of Greenhill & Co., Inc. in the third quarter worth approximately $534,000. Sessa Capital IM L.P. bought a new position in shares of Greenhill & Co., Inc. in the third quarter worth approximately $1,529,000. Finally, Intrepid Capital Management Inc. bought a new position in shares of Greenhill & Co., Inc. in the third quarter worth approximately $2,945,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Shares of Greenhill & Co., Inc. (NYSE:GHL) traded down $0.30 during midday trading on Tuesday, reaching $19.70. 804,300 shares of the company’s stock were exchanged, compared to its average volume of 591,861. Greenhill & Co., Inc. has a twelve month low of $13.80 and a twelve month high of $32.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.83. The company has a market capitalization of $525.27, a PE ratio of 25.00 and a beta of 1.31.

Greenhill & Co., Inc. declared that its Board of Directors has initiated a stock repurchase program on Monday, September 25th that permits the company to repurchase $235.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 55.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, December 5th. Greenhill & Co., Inc.’s dividend payout ratio is 243.24%.

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Greenhill & Co., Inc. Company Profile

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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