H.B. Fuller (NYSE:FUL) Expected to Post Earnings of $1.07 Per Share

Brokerages predict that H.B. Fuller (NYSE:FULGet Rating) will announce earnings per share of $1.07 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for H.B. Fuller’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.14. H.B. Fuller posted earnings of $0.94 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that H.B. Fuller will report full-year earnings of $4.22 per share for the current year, with EPS estimates ranging from $4.18 to $4.27. For the next year, analysts forecast that the company will post earnings of $4.84 per share, with EPS estimates ranging from $4.45 to $5.06. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow H.B. Fuller.

H.B. Fuller (NYSE:FULGet Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The specialty chemicals company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. H.B. Fuller had a net margin of 5.39% and a return on equity of 12.40%. The company had revenue of $856.50 million for the quarter, compared to analyst estimates of $817.92 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis.

A number of research firms have commented on FUL. Zacks Investment Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Citigroup decreased their price target on shares of H.B. Fuller from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, March 25th. JPMorgan Chase & Co. downgraded shares of H.B. Fuller from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $75.00 to $73.00 in a report on Friday, January 21st. Robert W. Baird raised shares of H.B. Fuller from a “neutral” rating to an “outperform” rating and set a $85.00 price target on the stock in a report on Thursday, April 14th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of H.B. Fuller in a research report on Thursday, January 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.00.

In other news, VP Timothy J. Keenan sold 1,433 shares of the firm’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $68.25, for a total transaction of $97,802.25. Following the completion of the transaction, the vice president now owns 22,871 shares in the company, valued at approximately $1,560,945.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.69% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in H.B. Fuller by 40.5% during the first quarter. Russell Investments Group Ltd. now owns 5,598 shares of the specialty chemicals company’s stock valued at $369,000 after acquiring an additional 1,613 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in H.B. Fuller by 2.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 7,179 shares of the specialty chemicals company’s stock valued at $581,000 after acquiring an additional 173 shares during the period. Castleview Partners LLC bought a new stake in shares of H.B. Fuller in the fourth quarter valued at about $127,000. MetLife Investment Management LLC lifted its stake in shares of H.B. Fuller by 55.7% in the first quarter. MetLife Investment Management LLC now owns 27,833 shares of the specialty chemicals company’s stock valued at $1,839,000 after buying an additional 9,960 shares during the period. Finally, State of Tennessee Treasury Department raised its position in H.B. Fuller by 9.6% in the first quarter. State of Tennessee Treasury Department now owns 34,110 shares of the specialty chemicals company’s stock worth $2,254,000 after purchasing an additional 2,997 shares in the last quarter. Institutional investors and hedge funds own 96.93% of the company’s stock.

Shares of FUL traded down $0.15 during mid-day trading on Friday, hitting $66.88. 6,062 shares of the company were exchanged, compared to its average volume of 288,229. H.B. Fuller has a 1-year low of $59.17 and a 1-year high of $81.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.87. The company has a 50 day moving average of $67.41 and a 200-day moving average of $71.93. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 20.02 and a beta of 1.61.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 5th. Shareholders of record on Thursday, April 21st were paid a dividend of $0.19 per share. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 20th. This represents a $0.76 annualized dividend and a yield of 1.14%. H.B. Fuller’s dividend payout ratio (DPR) is presently 22.69%.

H.B. Fuller Company Profile (Get Rating)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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Earnings History and Estimates for H.B. Fuller (NYSE:FUL)

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