Fortune Brands Home & Security (FBHS) Posts Quarterly Earnings Results, Hits Estimates
Fortune Brands Home & Security (NASDAQ:FBHS) posted its quarterly earnings results on Wednesday. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.55, Stock Ratings News reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Fortune Brands Home & Security updated its FY14 guidance to $1.88-1.96 EPS.
A number of research firms have recently commented on FBHS. Analysts at Barclays cut their price target on shares of Fortune Brands Home & Security from $52.00 to $47.00 in a research note on Friday, July 11th. They now have an “overweight” rating on the stock. Finally, analysts at Robert W. Baird upgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 1st. They now have a $48.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Buy” and a consensus target price of $47.81.
Fortune Brands Home & Security (NASDAQ:FBHS) traded up 0.11% on Wednesday, hitting $37.24. The stock had a trading volume of 2,723,343 shares. Fortune Brands Home & Security has a 1-year low of $35.80 and a 1-year high of $47.92. The stock has a 50-day moving average of $39.06 and a 200-day moving average of $41.78. The company has a market cap of $6.184 billion and a price-to-earnings ratio of 27.37.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Friday, August 29th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, August 27th.
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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