Analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report $1.39 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings, with the lowest sales estimate coming in at $1.38 billion and the highest estimate coming in at $1.40 billion. Fortune Brands Home & Security posted sales of $1.28 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The business is scheduled to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that Fortune Brands Home & Security will report full-year sales of $1.39 billion for the current year, with estimates ranging from $5.31 billion to $5.34 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.66 billion per share, with estimates ranging from $5.61 billion to $5.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share.

A number of analysts recently weighed in on FBHS shares. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. Wells Fargo & Company lowered shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 target price on the stock. in a report on Wednesday, July 19th. Finally, Longbow Research raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $68.69.

In related news, insider E Lee Wyatt sold 40,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $65.20, for a total transaction of $2,608,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher J. Klein sold 55,000 shares of the stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $64.91, for a total transaction of $3,570,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,600 shares of company stock worth $10,114,136. 1.61% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FBHS. Acrospire Investment Management LLC grew its holdings in shares of Fortune Brands Home & Security by 60.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fortune Brands Home & Security by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 23 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Fortune Brands Home & Security by 28.7% during the 1st quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 470 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Fortune Brands Home & Security by 1.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 40 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in shares of Fortune Brands Home & Security by 3.5% during the 1st quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 83 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security (FBHS) opened at 64.74 on Friday. Fortune Brands Home & Security has a 52 week low of $52.05 and a 52 week high of $67.50. The company has a 50-day moving average of $63.81 and a 200-day moving average of $63.24. The company has a market capitalization of $9.97 billion, a PE ratio of 23.05 and a beta of 1.37.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Friday, August 25th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.

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About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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