Zacks: Analysts Expect H. B. Fuller Company (FUL) Will Post Quarterly Sales of $554.71 Million
Analysts expect H. B. Fuller Company (NYSE:FUL) to report $554.71 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for H. B. Fuller’s earnings, with the lowest sales estimate coming in at $543.93 million and the highest estimate coming in at $563.40 million. H. B. Fuller posted sales of $512.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The business is scheduled to announce its next earnings report on Wednesday, September 20th.
On average, analysts expect that H. B. Fuller will report full-year sales of $554.71 million for the current year, with estimates ranging from $2.18 billion to $2.22 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.31 billion per share, with estimates ranging from $2.27 billion to $2.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover H. B. Fuller.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by $0.05. The business had revenue of $561.65 million for the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same period last year, the firm earned $0.67 EPS.
A number of equities analysts recently weighed in on FUL shares. Zacks Investment Research downgraded shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.40.
In related news, VP Dietrich J. Crail purchased 970 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was purchased at an average cost of $51.41 per share, with a total value of $49,867.70. Following the completion of the purchase, the vice president now owns 970 shares in the company, valued at approximately $49,867.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Phocas Financial Corp. increased its position in shares of H. B. Fuller by 55.2% during the second quarter. Phocas Financial Corp. now owns 150,278 shares of the specialty chemicals company’s stock worth $7,681,000 after acquiring an additional 53,433 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of 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. Piedmont Investment Advisors LLC bought a new stake in shares of H. B. Fuller during the second quarter worth about $558,000. Coldstream Capital Management Inc. bought a new stake in shares of H. B. Fuller during the second quarter worth about $632,000. Finally, Daruma Capital Management LLC increased its position in shares of H. B. Fuller by 8.2% during the second quarter. Daruma Capital Management LLC now owns 1,003,679 shares of the specialty chemicals company’s stock worth $51,298,000 after acquiring an additional 76,421 shares in the last quarter. 93.46% of the stock is owned by institutional investors.
Shares of H. B. Fuller (FUL) traded up 0.98% during mid-day trading on Friday, hitting $50.68. 366,397 shares of the company’s stock traded hands. The company has a market cap of $2.56 billion, a PE ratio of 23.16 and a beta of 1.69. H. B. Fuller has a 52 week low of $41.52 and a 52 week high of $54.32. The firm has a 50-day moving average of $50.89 and a 200 day moving average of $51.11.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, July 25th. H. B. Fuller’s dividend payout ratio (DPR) is currently 27.40%.
H. B. Fuller Company Profile
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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