Zacks: Brokerages Anticipate H. B. Fuller Company (FUL) Will Post Quarterly Sales of $553.66 Million
Wall Street analysts expect H. B. Fuller Company (NYSE:FUL) to post sales of $553.66 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for H. B. Fuller’s earnings, with the lowest sales estimate coming in at $543.93 million and the highest estimate coming in at $562.30 million. H. B. Fuller reported sales of $512.86 million during the same quarter last year, which indicates a positive year over year growth rate of 8%. The firm is scheduled to announce its next earnings results on Wednesday, September 20th.
On average, analysts expect that H. B. Fuller will report full year sales of $553.66 million for the current year, with estimates ranging from $2.18 billion to $2.28 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.31 billion per share, with estimates ranging from $2.27 billion to $2.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow H. B. Fuller.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $561.65 million during the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same period in the previous year, the business earned $0.67 EPS.
FUL has been the subject of several recent analyst reports. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. KeyCorp restated a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Deutsche Bank AG boosted their price target on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, September 6th. Finally, Robert W. Baird initiated coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $56.33.
Shares of H. B. Fuller (NYSE:FUL) traded up 0.31% on Tuesday, reaching $55.66. The company’s stock had a trading volume of 108,500 shares. H. B. Fuller has a 52-week low of $41.52 and a 52-week high of $56.35. The stock has a 50-day moving average of $51.85 and a 200 day moving average of $51.54. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 25.44 and a beta of 1.69.
In other news, VP Dietrich J. Crail acquired 970 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was bought at an average price of $51.41 per share, with a total value of $49,867.70. Following the completion of the acquisition, the vice president now directly owns 970 shares of the company’s stock, valued at approximately $49,867.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FUL. BlackRock Inc. grew its holdings in H. B. Fuller by 10,635.2% during the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after purchasing an additional 6,159,886 shares during the period. Janus Henderson Group PLC bought a new stake in H. B. Fuller during the second quarter valued at about $105,912,000. Janus Capital Management LLC grew its holdings in H. B. Fuller by 425.6% during the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock valued at $79,697,000 after purchasing an additional 1,251,620 shares during the period. Champlain Investment Partners LLC grew its holdings in H. B. Fuller by 53.9% during the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after purchasing an additional 582,945 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in H. B. Fuller by 141.0% during the second quarter. Principal Financial Group Inc. now owns 977,899 shares of the specialty chemicals company’s stock valued at $49,980,000 after purchasing an additional 572,177 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.
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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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