Analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to announce $1.38 billion in sales for the current quarter, Zacks reports. Six analysts have made estimates for Fortune Brands Home & Security’s earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.37 billion. Fortune Brands Home & Security posted sales of $1.30 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The business is expected to report its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full year sales of $1.38 billion for the current fiscal year, with estimates ranging from $5.27 billion to $5.30 billion. For the next year, analysts forecast that the company will post sales of $5.62 billion per share, with estimates ranging from $5.58 billion to $5.66 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS.

Several research analysts have weighed in on FBHS shares. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. BidaskClub upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada restated a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a research report on Monday, September 25th. Robert W. Baird restated a “buy” rating and issued a $72.00 price target on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Finally, Citigroup Inc. raised their price target on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $69.47.

WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/11/14/fortune-brands-home-security-inc-fbhs-expected-to-announce-quarterly-sales-of-1-38-billion.html.

In related news, CEO Christopher J. Klein sold 85,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total value of $5,706,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider E Lee Wyatt sold 2,600 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,000 shares of company stock worth $11,813,470. 1.61% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of FBHS. Dimensional Fund Advisors LP lifted its stake in shares of Fortune Brands Home & Security by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 754,213 shares of the industrial products company’s stock worth $45,894,000 after acquiring an additional 2,630 shares during the period. Bank of Montreal Can increased its holdings in Fortune Brands Home & Security by 70.9% in the second quarter. Bank of Montreal Can now owns 77,069 shares of the industrial products company’s stock worth $5,029,000 after purchasing an additional 31,967 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Fortune Brands Home & Security by 428.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 14,540 shares of the industrial products company’s stock worth $949,000 after purchasing an additional 11,790 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Fortune Brands Home & Security by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 40 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its holdings in Fortune Brands Home & Security by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 132,535 shares of the industrial products company’s stock worth $8,646,000 after purchasing an additional 572 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security (NYSE:FBHS) traded up $0.46 during midday trading on Tuesday, hitting $64.43. The stock had a trading volume of 792,300 shares, compared to its average volume of 1,075,960. Fortune Brands Home & Security has a 12 month low of $53.15 and a 12 month high of $68.82. The firm has a market cap of $9,780.00, a P/E ratio of 21.40, a PEG ratio of 2.00 and a beta of 1.41. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio is currently 24.91%.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

Get a free copy of the Zacks research report on Fortune Brands Home & Security (FBHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fortune Brands Home & Security Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security Inc. and related companies with MarketBeat.com's FREE daily email newsletter.