Brokerages Expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) Will Post Quarterly Sales of $1.61 Billion

Equities analysts predict that Fortune Brands Home & Security, Inc. (NYSE:FBHS) will announce $1.61 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings, with the lowest sales estimate coming in at $1.60 billion and the highest estimate coming in at $1.63 billion. Fortune Brands Home & Security reported sales of $1.47 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 2nd.

On average, analysts expect that Fortune Brands Home & Security will report full year sales of $6.04 billion for the current financial year, with estimates ranging from $6.03 billion to $6.06 billion. For the next year, analysts forecast that the firm will report sales of $6.72 billion, with estimates ranging from $6.35 billion to $6.84 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.13. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a return on equity of 22.37% and a net margin of 8.36%.

Several brokerages have recently commented on FBHS. UBS Group began coverage on Fortune Brands Home & Security in a research note on Tuesday, December 8th. They set a “buy” rating and a $105.00 price target on the stock. Robert W. Baird boosted their price target on Fortune Brands Home & Security from $84.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Fortune Brands Home & Security from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 18th. JPMorgan Chase & Co. boosted their price target on Fortune Brands Home & Security from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 18th. Finally, Royal Bank of Canada upped their target price on Fortune Brands Home & Security from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus price target of $82.50.

In other news, Chairman Christopher J. Klein sold 108,200 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.21, for a total transaction of $8,678,722.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald V. Waters sold 3,000 shares of the company’s stock in a transaction on Friday, December 18th. The stock was sold at an average price of $91.00, for a total value of $273,000.00. Following the sale, the director now owns 11,472 shares of the company’s stock, valued at $1,043,952. The disclosure for this sale can be found here. Insiders sold a total of 111,700 shares of company stock valued at $8,993,550 over the last quarter. 1.45% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Fortune Brands Home & Security by 0.8% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 13,965 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 116 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Fortune Brands Home & Security by 2.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 5,056 shares of the industrial products company’s stock worth $323,000 after buying an additional 140 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Fortune Brands Home & Security by 1.0% during the 3rd quarter. ProShare Advisors LLC now owns 15,154 shares of the industrial products company’s stock worth $1,311,000 after buying an additional 144 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of Fortune Brands Home & Security by 5.1% during the 3rd quarter. CENTRAL TRUST Co now owns 3,409 shares of the industrial products company’s stock worth $295,000 after buying an additional 165 shares during the last quarter. Finally, OPSEU Pension Plan Trust Fund increased its holdings in Fortune Brands Home & Security by 1.6% in the 3rd quarter. OPSEU Pension Plan Trust Fund now owns 11,518 shares of the industrial products company’s stock valued at $1,001,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 78.88% of the company’s stock.

Shares of NYSE:FBHS traded down $1.58 during trading on Wednesday, hitting $87.85. 756,588 shares of the stock were exchanged, compared to its average volume of 804,899. The company has a fifty day moving average price of $85.64 and a two-hundred day moving average price of $81.78. The company has a market cap of $12.20 billion, a PE ratio of 25.03, a P/E/G ratio of 1.91 and a beta of 1.65. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79. Fortune Brands Home & Security has a 12-month low of $33.90 and a 12-month high of $92.59.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Friday, February 26th will be issued a $0.26 dividend. The ex-dividend date is Thursday, February 25th. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.18%. Fortune Brands Home & Security’s payout ratio is 26.67%.

Fortune Brands Home & Security declared that its Board of Directors has authorized a stock buyback plan on Monday, September 21st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America under the Diamond, Aristokraft, Mid-Continent, Kitchen Craft, Homecrest, Omega, StarMark, Ultracraft, Kemper, Schrock, Decora, and Mantra brand names.

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Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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