Fortune Brands Home & Security (NYSE:FBHS) Announces Earnings Results

Fortune Brands Home & Security (NYSE:FBHS) issued its earnings results on Monday. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10, MarketWatch Earnings reports. Fortune Brands Home & Security had a return on equity of 26.52% and a net margin of 10.30%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year.

Fortune Brands Home & Security stock opened at $97.51 on Wednesday. The business has a 50 day moving average price of $96.23 and a two-hundred day moving average price of $99.29. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 0.86. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 18.97 and a beta of 1.63. Fortune Brands Home & Security has a 12 month low of $78.81 and a 12 month high of $114.00.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Friday, November 26th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, November 24th. This represents a $1.04 annualized dividend and a yield of 1.07%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 24.82%.

Several analysts have recently issued reports on the company. Robert W. Baird upped their price target on Fortune Brands Home & Security from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company assumed coverage on Fortune Brands Home & Security in a research note on Thursday, July 15th. They set an “equal weight” rating and a $105.00 price target for the company. Finally, Royal Bank of Canada upgraded Fortune Brands Home & Security from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from $114.00 to $109.00 in a research note on Monday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $105.13.

A hedge fund recently raised its stake in Fortune Brands Home & Security stock. Morgan Stanley raised its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 18.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 887,447 shares of the industrial products company’s stock after acquiring an additional 135,439 shares during the period. Morgan Stanley owned about 0.64% of Fortune Brands Home & Security worth $88,399,000 as of its most recent SEC filing. 87.18% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts.

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Earnings History for Fortune Brands Home & Security (NYSE:FBHS)

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