Graham (NYSE:GHC) Posts Quarterly Earnings Results, Beats Expectations By $3.64 EPS

Graham (NYSE:GHC) announced its earnings results on Wednesday. The company reported $22.58 earnings per share for the quarter, beating the consensus estimate of $18.94 by $3.64, Zacks reports. Graham had a net margin of 4.86% and a return on equity of 5.79%.

Graham Stock Performance

Shares of GHC traded up $20.48 during trading hours on Wednesday, reaching $960.44. 8,545 shares of the company traded hands, compared to its average volume of 15,991. The stock’s fifty day moving average is $907.73 and its 200 day moving average is $860.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The stock has a market cap of $4.16 billion, a P/E ratio of 18.87 and a beta of 1.13. Graham has a 1-year low of $683.00 and a 1-year high of $988.26.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.75%. Graham’s payout ratio is 14.10%.

Insider Activity at Graham

In other Graham news, CAO Marcel A. Snyman sold 159 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the transaction, the chief accounting officer now owns 442 shares in the company, valued at approximately $389,534.60. This trade represents a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.