H.B. Fuller (NYSE:FUL) Expected to Post Earnings of $0.80 Per Share

Wall Street analysts expect H.B. Fuller (NYSE:FUL) to report earnings of $0.80 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for H.B. Fuller’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.89. H.B. Fuller posted earnings per share of $0.76 in the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The company is expected to announce its next quarterly earnings report on Wednesday, September 22nd.

On average, analysts expect that H.B. Fuller will report full year earnings of $3.51 per share for the current fiscal year, with EPS estimates ranging from $3.38 to $3.67. For the next financial year, analysts expect that the company will post earnings of $4.17 per share, with EPS estimates ranging from $4.00 to $4.31. Zacks’ EPS calculations are an average based on a survey of research firms that follow H.B. Fuller.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Tuesday, June 22nd. The specialty chemicals company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The business had revenue of $827.87 million during the quarter, compared to the consensus estimate of $764.37 million. H.B. Fuller had a return on equity of 12.76% and a net margin of 5.33%. H.B. Fuller’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS.

FUL has been the subject of several research reports. Citigroup cut H.B. Fuller from a “buy” rating to a “neutral” rating in a research note on Friday, June 25th. Deutsche Bank Aktiengesellschaft lifted their target price on H.B. Fuller from $65.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, June 25th. cut H.B. Fuller from a “buy” rating to a “neutral” rating and lowered their target price for the company from $71.00 to $68.00 in a research note on Friday, June 25th. Zacks Investment Research cut H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, May 31st. Finally, Robert W. Baird lifted their target price on H.B. Fuller from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, March 26th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. H.B. Fuller has a consensus rating of “Hold” and an average target price of $69.50.

Shares of FUL opened at $62.55 on Monday. The company has a fifty day simple moving average of $66.29. The company has a market cap of $3.29 billion, a P/E ratio of 20.71 and a beta of 1.80. H.B. Fuller has a 52-week low of $43.91 and a 52-week high of $70.58. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 1.08.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 29th. Investors of record on Thursday, July 15th will be paid a dividend of $0.1675 per share. The ex-dividend date is Wednesday, July 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 1.07%. H.B. Fuller’s dividend payout ratio (DPR) is presently 23.59%.

In other H.B. Fuller news, VP Nathan D. Weaver sold 1,797 shares of H.B. Fuller stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $70.03, for a total transaction of $125,843.91. Following the transaction, the vice president now directly owns 4,784 shares in the company, valued at $335,023.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Owens sold 5,000 shares of H.B. Fuller stock in a transaction dated Wednesday, June 30th. The stock was sold at an average price of $62.67, for a total value of $313,350.00. Following the transaction, the chief executive officer now owns 198,703 shares in the company, valued at $12,452,717.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,797 shares of company stock valued at $1,116,144. 4.19% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of FUL. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of H.B. Fuller by 6.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 15,603 shares of the specialty chemicals company’s stock valued at $982,000 after purchasing an additional 900 shares in the last quarter. Luminus Management LLC bought a new stake in shares of H.B. Fuller in the first quarter valued at about $3,176,000. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of H.B. Fuller in the first quarter valued at about $16,785,000. FORA Capital LLC bought a new stake in shares of H.B. Fuller in the first quarter valued at about $171,000. Finally, California State Teachers Retirement System lifted its holdings in shares of H.B. Fuller by 0.8% in the first quarter. California State Teachers Retirement System now owns 78,488 shares of the specialty chemicals company’s stock valued at $4,938,000 after purchasing an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s stock.

About H.B. Fuller

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

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Earnings History and Estimates for H.B. Fuller (NYSE:FUL)

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