Analysts Anticipate Fortune Brands Home & Security Inc (FBHS) Will Announce Quarterly Sales of $1.38 Billion

Equities analysts expect that Fortune Brands Home & Security Inc (NYSE:FBHS) will report $1.38 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings, with estimates ranging from $1.37 billion to $1.40 billion. Fortune Brands Home & Security reported sales of $1.30 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year sales of $1.38 billion for the current fiscal year, with estimates ranging from $5.27 billion to $5.30 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.62 billion per share, with estimates ranging from $5.58 billion to $5.66 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.

FBHS has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their target price on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. SunTrust Banks reiterated a “hold” rating and set a $63.00 target price on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. BidaskClub downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, J P Morgan Chase & Co boosted their target price on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Fortune Brands Home & Security has a consensus rating of “Hold” and a consensus price target of $69.86.

Shares of Fortune Brands Home & Security (FBHS) opened at $67.52 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57. Fortune Brands Home & Security has a 12 month low of $53.15 and a 12 month high of $69.01. The firm has a market capitalization of $10,386.21, a P/E ratio of 22.88, a P/E/G ratio of 2.13 and a beta of 1.42.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 1.07%. Fortune Brands Home & Security’s payout ratio is currently 24.83%.

In related news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $67.13, for a total value of $5,706,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The disclosure for this sale can be found here. Insiders sold 121,000 shares of company stock valued at $8,046,670 over the last quarter. Insiders own 1.61% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FBHS. Epoch Investment Partners Inc. acquired a new stake in Fortune Brands Home & Security during the third quarter worth about $84,149,000. Pictet Asset Management Ltd. increased its stake in Fortune Brands Home & Security by 25.9% during the second quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock worth $157,763,000 after acquiring an additional 514,041 shares during the last quarter. Vanguard Group Inc. increased its stake in Fortune Brands Home & Security by 3.1% during the second quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock worth $989,078,000 after acquiring an additional 460,317 shares during the last quarter. BlackRock Inc. increased its stake in Fortune Brands Home & Security by 3.3% during the second quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock worth $847,995,000 after acquiring an additional 417,624 shares during the last quarter. Finally, PGGM Investments acquired a new stake in Fortune Brands Home & Security during the third quarter worth about $21,244,000. Hedge funds and other institutional investors own 87.30% of the company’s stock.

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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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