Fortune Brands Home & Security (FBHS) Earning Somewhat Positive News Coverage, Report Shows
Media headlines about Fortune Brands Home & Security (NYSE:FBHS) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fortune Brands Home & Security earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.8048362122626 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- U.S. finds China tool chests subsidized, imposes duties (reuters.com)
- Critical Review: Fortune Brands Home & Security (FBHS) versus Its Competitors (americanbankingnews.com)
- Why Is Fortune Brands (FBHS) Down 2.7% Since the Last Earnings Report? (finance.yahoo.com)
- Fortune Brands Home & Security, Inc. (FBHS) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, August 21st. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective for the company. in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.69.
Shares of Fortune Brands Home & Security (FBHS) traded up 1.46% during trading on Tuesday, hitting $65.44. The stock had a trading volume of 982,750 shares. Fortune Brands Home & Security has a 1-year low of $52.05 and a 1-year high of $67.50. The company has a market cap of $10.08 billion, a PE ratio of 23.30 and a beta of 1.37. The firm’s 50 day moving average is $63.92 and its 200 day moving average is $63.11.
Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Fortune Brands Home & Security will post $3.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Friday, August 25th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.35%.
In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Klein sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. Insiders sold 155,000 shares of company stock worth $9,944,850 in the last quarter. 1.61% of the stock is currently owned by company insiders.
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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