H. B. Fuller Company (NYSE:FUL) – Equities research analysts at Gabelli dropped their FY2018 earnings estimates for shares of H. B. Fuller Company in a report issued on Monday. Gabelli analyst R. Morbelli now forecasts that the specialty chemicals company will post earnings of $2.95 per share for the year, down from their previous estimate of $3.00. Gabelli also issued estimates for H. B. Fuller Company’s FY2020 earnings at $3.90 EPS.

H. B. Fuller Company (NYSE:FUL) last announced its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The business had revenue of $561.65 million during the quarter. H. B. Fuller Company had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter in the previous year, the business earned $0.67 earnings per share.

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A number of other research firms also recently weighed in on FUL. BidaskClub raised H. B. Fuller Company from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded H. B. Fuller Company from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Finally, Citigroup Inc. boosted their price target on H. B. Fuller Company from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. H. B. Fuller Company currently has a consensus rating of “Hold” and a consensus price target of $52.40.

Shares of H. B. Fuller Company (FUL) traded down 0.91% during midday trading on Tuesday, reaching $50.36. 100,152 shares of the company’s stock traded hands. H. B. Fuller Company has a 52-week low of $41.52 and a 52-week high of $54.32. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 23.02 and a beta of 1.68. The stock has a 50 day moving average of $51.67 and a 200-day moving average of $50.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUL. BlackRock Inc. boosted its position in H. B. Fuller Company by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock worth $320,590,000 after buying an additional 6,159,886 shares in the last quarter. Vanguard Group Inc. boosted its position in H. B. Fuller Company by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,055,505 shares of the specialty chemicals company’s stock worth $260,662,000 after buying an additional 351,478 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in H. B. Fuller Company by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,004,463 shares of the specialty chemicals company’s stock worth $103,353,000 after buying an additional 80,277 shares in the last quarter. Champlain Investment Partners LLC boosted its position in H. B. Fuller Company by 53.9% in the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock worth $85,813,000 after buying an additional 582,945 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in H. B. Fuller Company by 425.6% in the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock worth $79,697,000 after buying an additional 1,251,620 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

In related news, VP David W. Moorman sold 1,683 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $52.76, for a total value of $88,795.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by insiders.

About H. B. Fuller Company

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

Earnings History and Estimates for H. B. Fuller Company (NYSE:FUL)

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