H.B. Fuller (NYSE:FUL) Releases FY24 Earnings Guidance

H.B. Fuller (NYSE:FUL) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.10-4.20 for the period, compared to the consensus EPS estimate of $4.37. The company issued revenue guidance of $3.58 billion, compared to the consensus revenue estimate of $3.62 billion. H.B. Fuller also updated its FY 2024 guidance to 4.100-4.200 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered H.B. Fuller from a buy rating to a hold rating in a research note on Wednesday, September 18th.

H.B. Fuller Price Performance

FUL stock opened at $80.86 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.16 and a current ratio of 1.89. The company’s fifty day moving average price is $81.73 and its 200-day moving average price is $79.59. H.B. Fuller has a one year low of $64.64 and a one year high of $87.67. The company has a market capitalization of $4.41 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.10). The company had revenue of $917.93 million during the quarter, compared to analysts’ expectations of $944.04 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, equities analysts anticipate that H.B. Fuller will post 4.4 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 1.10%. The ex-dividend date was Wednesday, July 31st. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.22. H.B. Fuller’s dividend payout ratio (DPR) is currently 30.38%.

Insiders Place Their Bets

In related news, VP Heather Campe sold 23,696 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $82.66, for a total value of $1,958,711.36. Following the completion of the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at $1,631,873.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.96% of the company’s stock.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.