Zacks: Analysts Anticipate H. B. Fuller Company (NYSE:FUL) Will Post Quarterly Sales of $554.71 Million
Brokerages expect H. B. Fuller Company (NYSE:FUL) to announce sales of $554.71 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for H. B. Fuller’s earnings, with estimates ranging from $543.93 million to $563.40 million. H. B. Fuller posted sales of $512.86 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The business is expected to announce its next earnings results on Wednesday, September 20th.
On average, analysts expect that H. B. Fuller will report full year sales of $554.71 million for the current fiscal year, with estimates ranging from $2.18 billion to $2.22 billion. For the next year, analysts forecast that the company will report sales of $2.31 billion per share, with estimates ranging from $2.27 billion to $2.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for H. B. Fuller.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $561.65 million for the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same period last year, the firm posted $0.67 earnings per share.
A number of brokerages recently weighed in on FUL. Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Citigroup Inc. upped their price objective on H. B. Fuller from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, April 4th. Finally, BidaskClub raised H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $52.40.
Shares of H. B. Fuller (NYSE FUL) opened at 51.82 on Wednesday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 23.68 and a beta of 1.68. H. B. Fuller has a 52-week low of $41.52 and a 52-week high of $54.32. The firm’s 50 day moving average is $51.77 and its 200 day moving average is $50.87.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, July 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, July 25th. H. B. Fuller’s payout ratio is currently 27.40%.
H. B. Fuller announced that its board has approved a share repurchase plan on Thursday, April 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the specialty chemicals company to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, VP David W. Moorman sold 1,683 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $52.76, for a total transaction of $88,795.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Dietrich J. Crail bought 970 shares of H. B. Fuller stock in a transaction that occurred on Wednesday, July 12th. The shares were acquired at an average price of $51.41 per share, for a total transaction of $49,867.70. Following the completion of the transaction, the vice president now directly owns 970 shares of the company’s stock, valued at approximately $49,867.70. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in H. B. Fuller by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after buying an additional 6,159,886 shares during the period. Janus Capital Management LLC increased its position in H. B. Fuller by 425.6% in the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock valued at $79,697,000 after buying an additional 1,251,620 shares during the period. Norges Bank acquired a new position in H. B. Fuller during the fourth quarter valued at $29,793,000. Champlain Investment Partners LLC increased its position in H. B. Fuller by 53.9% in the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after buying an additional 582,945 shares during the period. Finally, Vanguard Group Inc. increased its position in H. B. Fuller by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,055,505 shares of the specialty chemicals company’s stock valued at $260,662,000 after buying an additional 351,478 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.
About H. B. Fuller
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.
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