Brokerages forecast that Fortune Brands Home & Security, Inc. (NYSE:FBHS) will announce sales of $1.38 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Fortune Brands Home & Security’s earnings. The highest sales estimate is $1.40 billion and the lowest is $1.34 billion. Fortune Brands Home & Security posted sales of $1.28 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.8%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 25th.

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 $5.26 billion to $5.34 billion. For the next year, analysts forecast that the company will post sales of $5.65 billion per share, with estimates ranging from $5.60 billion to $5.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year.

FBHS has been the topic of several research reports. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, July 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a research report on Monday, August 21st. Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 target price on the stock. in a research report on Wednesday, July 19th. BidaskClub raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Longbow Research raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $68.58.

In related news, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on 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 have sold a total of 136,000 shares of company stock worth $8,715,420 in the last three months. 1.61% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new stake in Fortune Brands Home & Security during the 2nd quarter valued at approximately $11,962,000. Sentry Investment Management LLC increased its stake in Fortune Brands Home & Security by 1.2% in the 2nd quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock worth $671,000 after acquiring an additional 122 shares during the last quarter. Toronto Dominion Bank increased its stake in Fortune Brands Home & Security by 26.1% in the 2nd quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock worth $3,400,000 after acquiring an additional 10,799 shares during the last quarter. WINTON GROUP Ltd increased its stake in Fortune Brands Home & Security by 143.3% in the 2nd quarter. WINTON GROUP Ltd now owns 188,855 shares of the industrial products company’s stock worth $12,321,000 after acquiring an additional 111,246 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in Fortune Brands Home & Security in the 2nd quarter worth approximately $520,000. 88.13% of the stock is currently owned by institutional investors.

Shares of Fortune Brands Home & Security (FBHS) traded up 0.06% during midday trading on Friday, reaching $66.00. The company had a trading volume of 641,219 shares. The company has a 50 day moving average of $64.43 and a 200 day moving average of $64.02. Fortune Brands Home & Security has a 12-month low of $52.05 and a 12-month high of $67.76. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 23.50 and a beta of 1.37.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.35%.

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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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