$0.84 Earnings Per Share Expected for H. B. Fuller Company (FUL) This Quarter
Analysts predict that H. B. Fuller Company (NYSE:FUL) will post $0.84 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for H. B. Fuller’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.86. H. B. Fuller posted earnings per share of $0.74 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The firm is expected to announce its next earnings results on Wednesday, January 17th.
According to Zacks, analysts expect that H. B. Fuller will report full year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.60. For the next fiscal year, analysts expect that the firm will report earnings of $2.95 per share, with EPS estimates ranging from $2.85 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover H. B. Fuller.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results 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). H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. The business had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million.
In related news, VP Robert J. Martsching sold 3,870 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $57.93, for a total value of $224,189.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy J. Keenan sold 6,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $55.08, for a total value of $358,020.00. Following the completion of the transaction, the vice president now owns 29,611 shares of the company’s stock, valued at $1,630,973.88. The disclosure for this sale can be found here. Insiders sold 15,767 shares of company stock valued at $897,394 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC raised its stake in shares of 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 raised its stake in shares of 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. Zions Bancorporation acquired a new position in H. B. Fuller during the third quarter worth $156,000. Public Employees Retirement System of Ohio raised its stake in H. B. Fuller by 5.4% during the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 172 shares in the last quarter. Finally, Suntrust Banks Inc. acquired a new position in H. B. Fuller during the second quarter worth $202,000. Institutional investors and hedge funds own 92.34% of the company’s stock.
Shares of H. B. Fuller (NYSE:FUL) traded down $0.92 during mid-day trading on Friday, hitting $55.65. The stock had a trading volume of 285,961 shares, compared to its average volume of 373,820. H. B. Fuller has a one year low of $46.09 and a one year high of $58.74. The firm has a market capitalization of $2,801.03, a price-to-earnings ratio of 22.35 and a beta of 1.73. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74.
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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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