Revenue Update on Greenhill & Co.(NYSE:GHL)

Greenhill & Co.(NYSE:GHL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $90.48M. Analysts estimated a revenue of $92.58M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.50.

In a different note, On Jul 21, 2016, Credit Suisse said it Downgrades its rating on Greenhill & Co.. The shares have been rated ‘Underperform’ by the firm.

Greenhill & Co. (GHL) made into the market gainers list on Fridays trading session with the shares advancing 0.51% or 0.1 points. Due to strong positive momentum, the stock ended at $19.83, which is also near the day’s high of $20.01. The stock began the session at $19.68 and the volume stood at 5,09,734 shares. The 52-week high of the shares is $40.095 and the 52 week low is $15.62. The company has a current market capitalization of $592 M and it has 2,98,30,950 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 27, 2015, Scott L Bok (CEO) purchased 202,510 shares at $24.89 per share price.Also, 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.

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