Wall Street brokerages predict that HB Fuller Co (NYSE:FUL) will post earnings of $0.89 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for HB Fuller’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.85. HB Fuller also posted earnings of $0.89 per share during the same quarter last year. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, June 26th.
On average, analysts expect that HB Fuller will report full-year earnings of $3.29 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.37. For the next financial year, analysts expect that the firm will post earnings of $3.97 per share, with EPS estimates ranging from $3.60 to $4.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover HB Fuller.
HB Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $673.00 million for the quarter, compared to analyst estimates of $697.64 million. HB Fuller had a return on equity of 13.53% and a net margin of 4.52%. The company’s revenue was down 5.6% on a year-over-year basis.
Several research analysts have issued reports on the company. Zacks Investment Research lowered HB Fuller from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered HB Fuller from a “hold” rating to a “sell” rating in a report on Monday, May 20th. TheStreet lowered HB Fuller from a “b-” rating to a “c+” rating in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. lowered HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price target on the stock. in a report on Tuesday, April 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. HB Fuller has a consensus rating of “Hold” and an average target price of $57.97.
In other news, VP Heather Campe sold 11,457 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $50.36, for a total value of $576,974.52. Following the transaction, the vice president now owns 20,644 shares in the company, valued at $1,039,631.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.46% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of FUL. Icon Wealth Partners LLC bought a new position in shares of HB Fuller in the first quarter valued at approximately $27,000. Investors Research Corp bought a new position in shares of HB Fuller in the first quarter valued at approximately $58,000. Advisor Group Inc. lifted its holdings in shares of HB Fuller by 52.8% in the fourth quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of HB Fuller by 16.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 375 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of HB Fuller by 92.3% in the first quarter. Strs Ohio now owns 2,500 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.
NYSE:FUL traded up $0.12 on Tuesday, hitting $44.94. The stock had a trading volume of 6,673 shares, compared to its average volume of 256,485. The company’s fifty day moving average price is $43.61. The company has a market cap of $2.27 billion, a P/E ratio of 14.95, a PEG ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.36 and a current ratio of 2.10. HB Fuller has a 52 week low of $39.22 and a 52 week high of $59.58.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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