Zacks: Analysts Anticipate H. B. Fuller Company (FUL) Will Post Quarterly Sales of $554.71 Million
Wall Street analysts expect that H. B. Fuller Company (NYSE:FUL) will post sales of $554.71 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for H. B. Fuller’s earnings, with estimates ranging from $543.93 million to $563.40 million. H. B. Fuller posted sales of $512.86 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The business is expected to announce its next earnings results on Wednesday, September 20th.
According to Zacks, analysts expect that H. B. Fuller will report full year sales of $554.71 million for the current financial year, with estimates ranging from $2.18 billion to $2.22 billion. For the next financial year, analysts forecast that the company will post sales of $2.31 billion per share, with estimates ranging from $2.27 billion to $2.36 billion. Zacks’ sales averages are an average based on a survey of research firms that follow H. B. Fuller.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.05. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. The firm had revenue of $561.65 million during the quarter. During the same period last year, the firm posted $0.67 EPS.
Several analysts have commented on the company. BidaskClub downgraded H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research downgraded H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.40.
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Shares of H. B. Fuller (NYSE FUL) traded up 0.83% on Monday, hitting $50.76. The stock had a trading volume of 94,792 shares. The firm’s 50-day moving average price is $51.39 and its 200 day moving average price is $51.01. The firm has a market cap of $2.57 billion, a PE ratio of 23.20 and a beta of 1.68. H. B. Fuller has a 52-week low of $41.52 and a 52-week high of $54.32.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, July 25th. H. B. Fuller’s dividend payout ratio (DPR) is 27.40%.
In other H. B. Fuller news, VP Dietrich J. Crail bought 970 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was acquired at an average cost of $51.41 per share, with a total value of $49,867.70. Following the purchase, the vice president now owns 970 shares in the company, valued at approximately $49,867.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of H. B. Fuller by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 102,140 shares of the specialty chemicals company’s stock worth $4,934,000 after buying an additional 3,570 shares during the period. Bank of Montreal Can increased its position in shares of H. B. Fuller by 3.7% in the first quarter. Bank of Montreal Can now owns 8,356 shares of the specialty chemicals company’s stock worth $431,000 after buying an additional 302 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of H. B. Fuller during the first quarter worth about $330,000. Louisiana State Employees Retirement System increased its position in shares of H. B. Fuller by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the specialty chemicals company’s stock worth $1,057,000 after buying an additional 300 shares during the period. Finally, Perkins Capital Management Inc. increased its position in shares of H. B. Fuller by 5.3% in the first quarter. Perkins Capital Management Inc. now owns 19,800 shares of the specialty chemicals company’s stock worth $1,021,000 after buying an additional 1,000 shares during the period. 93.70% of the stock is owned by institutional investors and hedge funds.
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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