Greenhill & Co. (GHL) Releases Earnings Results, Beats Expectations By $0.08 EPS

Greenhill & Co. (GHL) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.17. The company posted revenue of $66.90 million in the period, compared to analysts expectations of $51.92 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Greenhill & Co.. Shares were Downgraded by Goldman on Apr 6, 2016 to ” Neutral” and Lowered the Price Target to $ 25 from a previous price target of $33 .

Greenhill & Co. closed down -0.13 points or -0.65% at $19.89 with 3,13,569 shares getting traded on Monday. Post opening the session at $19.79, the shares hit an intraday low of $19.53 and an intraday high of $20.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Oct 27, 2015, Scott L Bok (CEO) purchased 202,510 shares at $24.89 per share price. According to the SEC, on Feb 20, 2015, Karen P Robards (director) purchased 1,000 shares at $39.06 per share price.

Greenhill & Co. Inc. is an investment bank. The Company provides financial and advisory services on domestic and cross-border mergers and acquisitions restructurings financings capital raisings and other strategic transactions to client base including corporations partnerships institutions and governments. The Company advises debtors creditors governments pension funds and other stakeholders as well as potential acquirers of distressed companies and assets. The Company also provides advice in connection with activist response strategies and other mission critical situations. It acts for clients located across the world from its offices located in the United States United Kingdom Germany Canada Japan Australia Sweden and Brazil. The Company’s wholly owned subsidiaries include Greenhill & Co. LLC (G&Co) Greenhill & Co. International LLP (GCI) and Greenhill & Co. Australia Pty Limited (Greenhill Australia) which provide advisory services in various jurisdictions.

Greenhill & Co.

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