Brokerages forecast that H. B. Fuller Company (NYSE:FUL) will report $0.84 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for H. B. Fuller’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.86. H. B. Fuller reported earnings of $0.74 per share during the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The firm is expected to issue its next quarterly earnings report on Wednesday, January 17th.
According to Zacks, analysts expect that H. B. Fuller will report full-year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.60. For the next fiscal year, analysts anticipate that the company will post earnings of $2.95 per share, with EPS estimates ranging from $2.85 to $3.00. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow H. B. Fuller.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The company had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%.
A number of research firms have weighed in on FUL. ValuEngine cut shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup Inc. cut shares of H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Robert W. Baird began coverage on shares of H. B. Fuller in a research report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Deutsche Bank AG upped their price objective on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. H. B. Fuller currently has an average rating of “Hold” and a consensus price target of $57.60.
In other news, VP Traci L. Jensen sold 5,397 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $58.40, for a total transaction of $315,184.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy J. Keenan sold 6,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total transaction of $358,020.00. Following the sale, the vice president now directly owns 29,611 shares of the company’s stock, valued at approximately $1,630,973.88. The disclosure for this sale can be found here. Insiders have sold 15,767 shares of company stock valued at $897,394 in the last ninety days. Insiders own 3.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of H. B. Fuller by 0.6% during the second quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock worth $319,575,000 after buying an additional 34,858 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of H. B. Fuller by 1.0% during the second quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock worth $261,098,000 after buying an additional 53,030 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of H. B. Fuller during the second quarter worth $105,912,000. Dimensional Fund Advisors LP grew its holdings in shares of H. B. Fuller by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,032,726 shares of the specialty chemicals company’s stock worth $118,020,000 after buying an additional 13,051 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of H. B. Fuller by 7.2% during the third quarter. Macquarie Group Ltd. now owns 1,698,348 shares of the specialty chemicals company’s stock worth $98,606,000 after buying an additional 114,635 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.
H. B. Fuller (NYSE FUL) opened at $53.47 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74. The firm has a market cap of $2,699.35, a price-to-earnings ratio of 21.54 and a beta of 1.73. H. B. Fuller has a 12-month low of $45.82 and a 12-month high of $58.74.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, October 18th. H. B. Fuller’s payout ratio is 29.41%.
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About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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