H. B. Fuller Company (FUL) to Post FY2017 Earnings of $2.57 Per Share, Seaport Global Securities Forecasts
H. B. Fuller Company (NYSE:FUL) – Analysts at Seaport Global Securities reduced their FY2017 earnings estimates for shares of H. B. Fuller in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings of $2.57 per share for the year, down from their previous estimate of $2.59.
Several other analysts have also weighed in on FUL. Zacks Investment Research raised H. B. Fuller from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Finally, Robert W. Baird initiated coverage on H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.40.
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Shares of H. B. Fuller (NYSE:FUL) opened at 57.15 on Thursday. The company has a 50-day moving average of $53.70 and a 200-day moving average of $52.08. The firm has a market cap of $2.89 billion, a PE ratio of 26.12 and a beta of 1.72. H. B. Fuller has a 1-year low of $41.52 and a 1-year high of $58.74.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The company had revenue of $562.87 million during the quarter, compared to analyst estimates of $553.66 million.
In other H. B. Fuller news, VP Traci L. Jensen sold 5,397 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dietrich J. Crail purchased 970 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was acquired 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 owns 970 shares in the company, 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 large investors have recently modified their holdings of the business. Miles Capital Inc. boosted its stake in H. B. Fuller by 0.3% in the 1st quarter. Miles Capital Inc. now owns 4,576 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 12 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in H. B. Fuller by 0.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,520 shares of the specialty chemicals company’s stock worth $793,000 after buying an additional 40 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in H. B. Fuller by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the specialty chemicals company’s stock worth $1,053,000 after buying an additional 100 shares during the last quarter. Ronna Sue Cohen boosted its stake in H. B. Fuller by 0.3% in the 2nd quarter. Ronna Sue Cohen now owns 58,447 shares of the specialty chemicals company’s stock worth $2,987,000 after buying an additional 156 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in H. B. Fuller by 5.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after buying an additional 172 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
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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