Fortune Brands Home & Security Inc Plans Quarterly Dividend of $0.12 (FBHS)
Fortune Brands Home & Security (NASDAQ:FBHS) announced a quarterly dividend on Tuesday, April 29th, AnalystRatings.Net reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.12 per share on Wednesday, June 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.20%.
A number of analysts have recently weighed in on FBHS shares. Analysts at Credit Suisse upgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 9th. They now have a $50.00 price target on the stock, up previously from $47.00. On a related note, analysts at Barclays reiterated an “overweight” rating on shares of Fortune Brands Home & Security in a research note on Monday, March 31st. They now have a $50.00 price target on the stock, down previously from $51.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Fortune Brands Home & Security from $46.00 to $47.00 in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.06.
Fortune Brands Home & Security (NASDAQ:FBHS) traded up 1.65% on Tuesday, hitting $40.11. The stock had a trading volume of 1,282,723 shares. Fortune Brands Home & Security has a 52 week low of $35.80 and a 52 week high of $47.92. The stock’s 50-day moving average is $41.95 and its 200-day moving average is $43.34. The company has a market cap of $6.645 billion and a P/E ratio of 29.45.
Fortune Brands Home & Security (NASDAQ:FBHS) last released its earnings data on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.23 earnings per share. Fortune Brands Home & Security’s revenue was up 16.0% compared to the same quarter last year. Analysts expect that Fortune Brands Home & Security will post $1.98 EPS for the current fiscal year.
Fortune Brands Home & Security, Inc is engaged in home and security products with companies focused on the design, manufacture and sale of products in Kitchen & Bath Cabinetry, Plumbing & Accessories, advanced material windows & entry door Systems, and security and storage products.
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