HB Fuller (NYSE:FUL) Releases Earnings Results, Misses Expectations By $0.04 EPS

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HB Fuller (NYSE:FUL) announced its earnings results on Wednesday. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04), Briefing.com reports. The business had revenue of $739.10 million during the quarter, compared to the consensus estimate of $745.62 million. HB Fuller had a net margin of 4.52% and a return on equity of 13.12%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. HB Fuller updated its FY 2020
After-Hours guidance to 3.15-3.35 EPS and its FY20 guidance to $3.15-3.35 EPS.

FUL stock opened at $49.03 on Friday. The company has a market cap of $2.51 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.57. The business has a 50-day simple moving average of $50.42 and a 200 day simple moving average of $47.87. HB Fuller has a 52 week low of $39.22 and a 52 week high of $52.40. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 1.77.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Thursday, January 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, January 29th. HB Fuller’s dividend payout ratio (DPR) is presently 21.62%.

In other HB Fuller news, EVP Zhiwei Cai sold 55,688 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $51.80, for a total transaction of $2,884,638.40. Following the completion of the transaction, the executive vice president now owns 41,104 shares of the company’s stock, valued at $2,129,187.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sant R. William Van sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $51.67, for a total value of $516,700.00. Following the transaction, the director now directly owns 7,665 shares of the company’s stock, valued at approximately $396,050.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,710 shares of company stock valued at $3,916,045. 3.46% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on FUL shares. Zacks Investment Research raised shares of HB Fuller from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday. Buckingham Research set a $60.00 price target on HB Fuller and gave the company a “buy” rating in a research note on Thursday, September 26th. Seaport Global Securities reaffirmed a “buy” rating on shares of HB Fuller in a research note on Tuesday. Deutsche Bank set a $50.00 price target on HB Fuller and gave the company a “hold” rating in a research note on Friday, September 27th. Finally, Citigroup raised HB Fuller from a “sell” rating to a “neutral” rating and boosted their price target for the company from $46.00 to $50.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. HB Fuller has a consensus rating of “Buy” and a consensus target price of $52.20.

HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Earnings History for HB Fuller (NYSE:FUL)

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