Fortune Brands Home & Security Given “Overweight” Rating at Barclays (FBHS)
Fortune Brands Home & Security (NASDAQ:FBHS)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Thursday. They currently have a $46.00 price target on the stock, down from their previous price target of $47.00. Barclays’ price target would indicate a potential upside of 21.63% from the stock’s previous close.
Fortune Brands Home & Security (NASDAQ:FBHS) traded up 0.08% during mid-day trading on Thursday, hitting $37.82. The stock had a trading volume of 2,550,148 shares. Fortune Brands Home & Security has a 52 week low of $35.80 and a 52 week high of $47.92. The stock has a 50-day moving average of $38. and a 200-day moving average of $41.66. The company has a market cap of $6.380 billion and a P/E ratio of 24.55.
Fortune Brands Home & Security (NASDAQ:FBHS) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.55. 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. Analysts expect that Fortune Brands Home & Security will post $1.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend 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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