FY2017 EPS Estimates for H. B. Fuller Company Boosted by Analyst (FUL)
H. B. Fuller Company (NYSE:FUL) – Equities research analysts at KeyCorp lifted their FY2017 EPS estimates for shares of H. B. Fuller in a research report issued to clients and investors on Monday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings per share of $2.60 for the year, up from their prior estimate of $2.55. KeyCorp has a “Hold” rating on the stock.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The company had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%.
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Several other research analysts have also weighed in on the company. Deutsche Bank AG upped their price target on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Robert W. Baird initiated coverage on H. B. Fuller in a research report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, BidaskClub lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.40.
Shares of H. B. Fuller (NYSE:FUL) opened at 56.89 on Thursday. The company’s 50 day moving average price is $54.74 and its 200-day moving average price is $52.26. H. B. Fuller has a 1-year low of $41.52 and a 1-year high of $58.74. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 27.90 and a beta of 1.72.
Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC grew its stake in H. B. Fuller by 42.6% in the second quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 596 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in H. B. Fuller by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock valued at $110,000 after purchasing an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in H. B. Fuller in the first quarter valued at about $117,000. Public Employees Retirement System of Ohio grew its stake in H. B. Fuller by 5.4% in the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 172 shares in the last quarter. Finally, Suntrust Banks Inc. purchased a new position in H. B. Fuller in the second quarter valued at about $202,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.
In other H. B. Fuller news, VP Traci L. Jensen sold 5,397 shares of the business’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 filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $0.60 dividend on an annualized basis 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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