$609.69 Million in Sales Expected for H. B. Fuller Company (FUL) This Quarter
Wall Street brokerages expect that H. B. Fuller Company (NYSE:FUL) will report $609.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for H. B. Fuller’s earnings. The highest sales estimate is $662.40 million and the lowest is $581.75 million. H. B. Fuller posted sales of $574.91 million during the same quarter last year, which suggests a positive year over year growth rate of 6%. The company is expected to report its next earnings results on Wednesday, January 17th.
According to Zacks, analysts expect that H. B. Fuller will report full-year sales of $609.69 million for the current fiscal year, with estimates ranging from $2.21 billion to $2.29 billion. For the next year, analysts anticipate that the company will report sales of $2.34 billion per share, with estimates ranging from $2.32 billion to $2.37 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow H. B. Fuller.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.02). The company had revenue of $562.87 million during the quarter, compared to the consensus estimate of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%.
A number of brokerages have commented on FUL. KeyCorp restated a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Citigroup Inc. lowered shares of H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research note on Tuesday, October 31st. Deutsche Bank AG boosted their price target on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Robert W. Baird started coverage on shares of H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. H. B. Fuller presently has a consensus rating of “Hold” and an average target price of $57.60.
H. B. Fuller (NYSE:FUL) traded up $0.80 during trading hours on Friday, hitting $54.30. 583,800 shares of the stock traded hands, compared to its average volume of 316,586. The company has a market cap of $2,693.31, a price-to-earnings ratio of 21.49 and a beta of 1.73. The company has a quick ratio of 1.72, a current ratio of 2.63 and a debt-to-equity ratio of 0.74. H. B. Fuller has a 12 month low of $45.82 and a 12 month high of $58.74.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 19th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Wednesday, October 18th. H. B. Fuller’s dividend payout ratio (DPR) is currently 29.41%.
In other H. B. Fuller news, VP Traci L. Jensen sold 5,397 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Also, VP Timothy J. Keenan sold 6,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were 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 in the company, valued at $1,630,973.88. The disclosure for this sale can be found here. Insiders sold a total of 15,767 shares of company stock worth $897,394 over the last three months. 3.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUL. Riverhead Capital Management LLC increased its position in shares of H. B. Fuller by 42.6% during the second quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock valued at $102,000 after buying an additional 596 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of H. B. Fuller by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 218 shares during the period. Zions Bancorporation bought a new stake in shares of H. B. Fuller during the third quarter valued at about $156,000. Public Employees Retirement System of Ohio increased its position in shares of H. B. Fuller by 5.4% during the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 172 shares during the period. Finally, Reynders McVeigh Capital Management LLC bought a new stake in shares of H. B. Fuller during the third quarter valued at about $203,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.
H. B. Fuller Company Profile
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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