Equities research analysts expect that Fortune Brands Home & Security, Inc. (NYSE:FBHS) will report $1.89 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Fortune Brands Home & Security’s earnings. The lowest sales estimate is $1.84 billion and the highest is $1.91 billion. Fortune Brands Home & Security posted sales of $1.38 billion during the same quarter last year, which suggests a positive year over year growth rate of 37%. The company is expected to announce its next earnings report after the market closes on Wednesday, July 28th.
According to Zacks, analysts expect that Fortune Brands Home & Security will report full year sales of $7.37 billion for the current fiscal year, with estimates ranging from $7.29 billion to $7.42 billion. For the next year, analysts forecast that the company will post sales of $7.82 billion, with estimates ranging from $7.64 billion to $7.97 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Fortune Brands Home & Security.
Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.32. Fortune Brands Home & Security had a return on equity of 24.65% and a net margin of 9.63%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.64 billion.
In other Fortune Brands Home & Security news, CFO Patrick D. Hallinan sold 18,250 shares of the stock in a transaction dated Tuesday, May 4th. The stock was sold at an average price of $107.66, for a total value of $1,964,795.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Danny Luburic sold 13,230 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $113.72, for a total value of $1,504,515.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,826 shares of company stock worth $3,609,873. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Montag A & Associates Inc. purchased a new stake in Fortune Brands Home & Security in the fourth quarter worth about $34,000. ADE LLC purchased a new stake in Fortune Brands Home & Security in the fourth quarter worth about $34,000. Tompkins Financial Corp purchased a new stake in Fortune Brands Home & Security in the fourth quarter worth about $35,000. Cranbrook Wealth Management LLC purchased a new stake in Fortune Brands Home & Security in the first quarter worth about $40,000. Finally, Vigilant Capital Management LLC purchased a new stake in Fortune Brands Home & Security in the second quarter worth about $40,000. 86.87% of the stock is currently owned by institutional investors.
FBHS stock traded down $1.42 during midday trading on Friday, hitting $96.30. The company had a trading volume of 12,473 shares, compared to its average volume of 721,845. The company has a current ratio of 1.96, a quick ratio of 1.16 and a debt-to-equity ratio of 0.92. Fortune Brands Home & Security has a 52 week low of $68.71 and a 52 week high of $114.00. The firm has a 50 day moving average price of $100.16. The company has a market capitalization of $13.35 billion, a PE ratio of 22.11 and a beta of 1.65.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 16th. Stockholders of record on Friday, May 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 27th. Fortune Brands Home & Security’s payout ratio is currently 24.82%.
Fortune Brands Home & Security Company Profile
Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.
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