H. B. Fuller Co. (FUL) to Release Earnings on Thursday
H. B. Fuller Co. (NYSE:FUL) is set to announce its Q3 earnings results after the market closes on Thursday, September 22nd. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, June 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.01. H. B. Fuller had a return on equity of 13.65% and a net margin of 5.00%. The firm had revenue of $532.50 million for the quarter. During the same period in the prior year, the business posted $0.63 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, analysts expect H. B. Fuller to post $2.54 EPS for the current fiscal year and $2.89 EPS for the next fiscal year.
Shares of H. B. Fuller Co. (NYSE:FUL) opened at 47.52 on Wednesday. H. B. Fuller Co. has a 52 week low of $30.72 and a 52 week high of $48.83. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 23.41 and a beta of 1.75. The firm’s 50-day moving average price is $46.93 and its 200 day moving average price is $44.97.
In other H. B. Fuller news, VP Timothy J. Keenan sold 8,037 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $46.03, for a total value of $369,943.11. Following the completion of the sale, the vice president now owns 22,142 shares in the company, valued at approximately $1,019,196.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Owens sold 55,048 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the completion of the sale, the insider now owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The disclosure for this sale can be found here. 3.55% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of FUL. BlackRock Fund Advisors raised its stake in shares of H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of H. B. Fuller during the second quarter worth about $4,399,000. TIAA CREF Investment Management LLC raised its stake in shares of H. B. Fuller by 17.0% in the second quarter. TIAA CREF Investment Management LLC now owns 266,792 shares of the company’s stock worth $11,736,000 after buying an additional 38,813 shares during the last quarter. AHL Partners LLP raised its stake in shares of H. B. Fuller by 248.9% in the second quarter. AHL Partners LLP now owns 52,731 shares of the company’s stock worth $2,320,000 after buying an additional 37,617 shares during the last quarter. Finally, Allianz Asset Management AG acquired a new stake in shares of H. B. Fuller during the second quarter worth about $1,207,000. Institutional investors and hedge funds own 89.15% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research cut H. B. Fuller from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Deutsche Bank AG raised their target price on H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, June 24th.
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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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