Fortune Brands Home & Security Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:FBHS)
Shares of Fortune Brands Home & Security (NASDAQ:FBHS) have earned an average rating of “Buy” from the nine brokerages that are presently covering the stock, AnalystRatings.Net reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $47.00.
Fortune Brands Home & Security (NASDAQ:FBHS) opened at 41.74 on Thursday. Fortune Brands Home & Security has a one year low of $36.36 and a one year high of $47.92. The stock has a 50-day moving average of $39.09 and a 200-day moving average of $41.24. The company has a market cap of $6.615 billion and a price-to-earnings ratio of 27.13.
Fortune Brands Home & Security (NASDAQ:FBHS) last announced its 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. On average, analysts predict that Fortune Brands Home & Security will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders 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 1.15%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of analysts have recently weighed in on FBHS shares. Analysts at RBC Capital raised their price target on shares of Fortune Brands Home & Security from $43.00 to $44.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Fortune Brands Home & Security in a research note on Thursday, July 31st. They now have a $46.00 price target on the stock, down previously from $47.00. Finally, 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.
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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