Equities research analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to post sales of $1.38 billion for the current quarter, Zacks reports. Six analysts have made estimates for Fortune Brands Home & Security’s earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.34 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 7.8%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year sales of $1.38 billion for the current financial year, with estimates ranging from $5.26 billion to $5.34 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.65 billion per share, with estimates ranging from $5.60 billion to $5.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. Fortune Brands Home & Security’s quarterly revenue was up 5.2% on a year-over-year basis.

FBHS has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, July 20th. Finally, BidaskClub upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and an average price target of $68.58.

Fortune Brands Home & Security (NYSE:FBHS) opened at 65.75 on Friday. The firm has a market capitalization of $10.13 billion, a PE ratio of 23.41 and a beta of 1.37. Fortune Brands Home & Security has a 1-year low of $52.05 and a 1-year high of $67.77. The stock’s 50 day moving average is $64.24 and its 200-day moving average is $63.88.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio is 25.35%.

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In related news, insider E Lee Wyatt sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,000 shares of company stock valued at $8,715,420. 1.61% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FBHS. United States Steel & Carnegie Pension Fund lifted its holdings in Fortune Brands Home & Security by 46.1% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 644,262 shares of the industrial products company’s stock worth $39,203,000 after purchasing an additional 203,200 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Fortune Brands Home & Security by 9.4% during the first quarter. UBS Asset Management Americas Inc. now owns 378,550 shares of the industrial products company’s stock worth $23,035,000 after buying an additional 32,466 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Fortune Brands Home & Security by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 61,669 shares of the industrial products company’s stock worth $3,753,000 after buying an additional 2,213 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Fortune Brands Home & Security by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,004 shares of the industrial products company’s stock worth $183,000 after buying an additional 95 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Fortune Brands Home & Security by 1.8% during the first quarter. Prudential Financial Inc. now owns 214,200 shares of the industrial products company’s stock worth $13,034,000 after buying an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

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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