Q4 2017 EPS Estimates for H. B. Fuller Company (FUL) Raised by KeyCorp
H. B. Fuller Company (NYSE:FUL) – Equities researchers at KeyCorp increased their Q4 2017 earnings per share (EPS) estimates for shares of H. B. Fuller in a note issued to investors on Monday. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will earn $0.85 per share for the quarter, up from their previous estimate of $0.80. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for H. B. Fuller’s FY2018 earnings at $3.00 EPS.
Several other research firms have also commented on FUL. Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Robert W. Baird began coverage on H. B. Fuller in a report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank AG lifted their price target on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, September 6th. Finally, BidaskClub lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company currently 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 57.16 on Wednesday. The stock has a 50 day moving average of $54.56 and a 200 day moving average of $52.23. The stock has a market cap of $2.88 billion, a P/E ratio of 28.03 and a beta of 1.72. H. B. Fuller has a 52 week low of $41.52 and a 52 week high of $58.74.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $562.87 million during the quarter, compared to analysts’ expectations of $553.66 million.
A number of institutional investors and hedge funds have recently modified their holdings of FUL. Russell Investments Group Ltd. purchased a new stake in H. B. Fuller in the 1st quarter valued at about $442,000. Karp Capital Management Corp purchased a new stake in H. B. Fuller in the 1st quarter valued at about $850,000. Parametric Portfolio Associates LLC raised its holdings in H. B. Fuller by 5.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 101,204 shares of the specialty chemicals company’s stock valued at $5,218,000 after buying an additional 4,818 shares during the period. Mason Street Advisors LLC raised its holdings in H. B. Fuller by 6.9% in the 1st quarter. Mason Street Advisors LLC now owns 11,746 shares of the specialty chemicals company’s stock valued at $606,000 after buying an additional 756 shares during the period. Finally, Prudential Financial Inc. raised its holdings in H. B. Fuller by 0.9% in the 1st quarter. Prudential Financial Inc. now owns 98,668 shares of the specialty chemicals company’s stock valued at $5,087,000 after buying an additional 870 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.
In related news, VP Traci L. Jensen sold 5,397 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were 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 the SEC website. 3.10% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Thursday, October 19th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $0.60 annualized dividend and a yield of 1.05%. H. B. Fuller’s dividend payout ratio (DPR) is currently 29.41%.
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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