Zacks: Analysts Expect H. B. Fuller Company (NYSE:FUL) Will Announce Quarterly Sales of $554.71 Million
Equities research analysts forecast that H. B. Fuller Company (NYSE:FUL) will post $554.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for H. B. Fuller’s earnings, with estimates ranging from $543.93 million to $563.40 million. H. B. Fuller reported sales of $512.86 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The business is scheduled to issue its next earnings results on Wednesday, September 20th.
According to Zacks, analysts expect that H. B. Fuller will report full year sales of $554.71 million for the current year, with estimates ranging from $2.18 billion to $2.22 billion. For the next year, analysts forecast that the company will post sales of $2.31 billion per share, with estimates ranging from $2.27 billion to $2.36 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover H. B. Fuller.
H. B. Fuller (NYSE:FUL) last released its 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. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. The company had revenue of $561.65 million for the quarter. During the same period last year, the firm earned $0.67 earnings per share.
FUL has been the subject of several recent analyst reports. Zacks Investment Research downgraded H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.40.
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H. B. Fuller (FUL) traded up 0.83% on Monday, reaching $50.76. The company had a trading volume of 94,792 shares. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $54.32. The firm has a 50-day moving average of $51.39 and a 200-day moving average of $51.01. The stock has a market capitalization of $2.57 billion, a P/E ratio of 23.20 and a beta of 1.68.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. H. B. Fuller’s dividend payout ratio is presently 27.40%.
In other H. B. Fuller news, VP Dietrich J. Crail bought 970 shares of the stock in a transaction dated Wednesday, July 12th. The stock was bought at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the completion of the purchase, the vice president now directly owns 970 shares of the company’s stock, valued at $49,867.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the stock. GHP Investment Advisors Inc. increased its position in H. B. Fuller by 2.2% in the first quarter. GHP Investment Advisors Inc. now owns 26,769 shares of the specialty chemicals company’s stock worth $1,380,000 after buying an additional 564 shares during the period. Prudential Financial Inc. increased its position in H. B. Fuller by 0.9% in the first quarter. Prudential Financial Inc. now owns 98,668 shares of the specialty chemicals company’s stock worth $5,087,000 after buying an additional 870 shares during the period. 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 worth $320,590,000 after buying an additional 6,159,886 shares during the period. Bank of America Corp DE increased its position in H. B. Fuller by 36.3% in the first quarter. Bank of America Corp DE now owns 189,510 shares of the specialty chemicals company’s stock worth $9,771,000 after buying an additional 50,441 shares during the period. Finally, Prescott Group Capital Management L.L.C. purchased a new position in H. B. Fuller during the first quarter worth approximately $464,000. Institutional investors own 93.70% of the company’s stock.
H. B. Fuller Company Profile
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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