Equities research analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to post sales of $1.38 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Fortune Brands Home & Security’s earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.37 billion. Fortune Brands Home & Security posted sales of $1.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The company is scheduled to announce its next earnings results on Tuesday, January 30th.

On average, analysts expect that Fortune Brands Home & Security will report full-year sales of $1.38 billion for the current year, with estimates ranging from $5.27 billion to $5.30 billion. For the next financial year, analysts expect 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 averages are an average based on a survey of analysts that cover Fortune Brands Home & Security.

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

Several equities analysts have issued reports on the company. Royal Bank of Canada dropped 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 cut 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, JPMorgan 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, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and an average target price of $71.17.

In related news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction that occurred 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 legal filing with the SEC, which is available at this link. Corporate insiders own 1.61% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC grew its holdings in shares of Fortune Brands Home & Security by 60.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 600 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Fortune Brands Home & Security in the 3rd quarter valued at approximately $117,000. Northwestern Mutual Wealth Management Co. lifted its stake in Fortune Brands Home & Security by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after buying an additional 23 shares in the last quarter. Stephens Inc. AR purchased a new stake in Fortune Brands Home & Security in the 2nd quarter valued at approximately $201,000. Finally, First Midwest Bank Trust Division purchased a new stake in Fortune Brands Home & Security in the 3rd quarter valued at approximately $209,000. Institutional investors and hedge funds own 87.23% of the company’s stock.

Fortune Brands Home & Security (FBHS) opened at $71.62 on Friday. The stock has a market capitalization of $10,645.79, a PE ratio of 23.45, a P/E/G ratio of 1.97 and a beta of 1.41. Fortune Brands Home & Security has a 52-week low of $53.15 and a 52-week high of $71.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Friday, February 23rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s dividend payout ratio is currently 24.83%.

Fortune Brands Home & Security announced that its board has authorized a share repurchase program on Monday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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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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