Graham (NYSE:GHC) Posts Earnings Results, Beats Expectations By $0.41 EPS

Graham (NYSE:GHC) announced its quarterly earnings results on Thursday. The company reported $18.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $18.36 by $0.41, FiscalAI reports. Graham had a return on equity of 5.73% and a net margin of 10.69%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion.

Graham Price Performance

Graham stock traded up $14.55 during mid-day trading on Friday, hitting $1,176.59. The company’s stock had a trading volume of 4,294 shares, compared to its average volume of 22,651. The stock has a market capitalization of $4.98 billion, a P/E ratio of 9.48 and a beta of 0.70. Graham has a twelve month low of $990.09 and a twelve month high of $1,262.34. The stock’s fifty day moving average price is $1,161.47 and its two-hundred day moving average price is $1,136.78. The company has a quick ratio of 1.59, a current ratio of 1.86 and a debt-to-equity ratio of 0.15.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be given a $1.88 dividend. The ex-dividend date is Thursday, October 15th. This represents a $7.52 annualized dividend and a yield of 0.6%. Graham’s payout ratio is 6.06%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Graham from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, September 25th. Wall Street Zen upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Graham Company Profile

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.