$609.69 Million in Sales Expected for H. B. Fuller Company (FUL) This Quarter
Brokerages expect H. B. Fuller Company (NYSE:FUL) to announce sales of $609.69 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for H. B. Fuller’s earnings. The highest sales estimate is $662.40 million and the lowest is $581.75 million. H. B. Fuller reported sales of $574.91 million in the same quarter last year, which indicates a positive year over year growth rate of 6%. The firm is expected to issue its next earnings report on Wednesday, January 17th.
On average, analysts expect that H. B. Fuller will report full-year sales of $609.69 million for the current financial year, with estimates ranging from $2.21 billion to $2.29 billion. For the next year, analysts forecast that the company will report sales of $2.34 billion per share, with estimates ranging from $2.32 billion to $2.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow H. B. Fuller.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $562.87 million during the quarter, compared to analysts’ expectations of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%.
A number of research analysts recently weighed in on the company. Robert W. Baird assumed coverage on H. B. Fuller in a report on Thursday, September 14th. They issued a “neutral” rating and a $60.00 target price on the stock. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. KeyCorp reiterated a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Deutsche Bank AG boosted their price objective on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, September 6th. Finally, BidaskClub cut H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $57.40.
In other news, VP Traci L. Jensen sold 5,397 shares of H. B. Fuller stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.40, for a total transaction of $315,184.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Martsching sold 3,870 shares of H. B. Fuller stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $57.93, for a total value of $224,189.10. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings 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 buying an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 buying an additional 218 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings 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 buying an additional 172 shares during the last quarter. Suntrust Banks Inc. bought a new stake in H. B. Fuller in the second quarter valued at about $202,000. Finally, Teacher Retirement System of Texas bought a new stake in H. B. Fuller in the first quarter valued at about $207,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.
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Shares of H. B. Fuller (NYSE FUL) opened at 57.28 on Friday. H. B. Fuller has a 12-month low of $41.52 and a 12-month high of $58.74. The stock has a market cap of $2.88 billion, a P/E ratio of 28.09 and a beta of 1.72. The company has a 50 day moving average price of $56.46 and a 200 day moving average price of $52.70.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, October 18th. H. B. Fuller’s payout ratio is 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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