HB Fuller Co (FUL) Expected to Post Earnings of $1.01 Per Share

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Equities analysts forecast that HB Fuller Co (NYSE:FUL) will announce earnings per share (EPS) of $1.01 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for HB Fuller’s earnings, with estimates ranging from $0.94 to $1.05. HB Fuller reported earnings of $0.75 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 34.7%. The firm is scheduled to announce its next earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that HB Fuller will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.05 to $3.15. For the next year, analysts forecast that the firm will report earnings of $3.85 per share, with EPS estimates ranging from $3.60 to $4.03. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover HB Fuller.

HB Fuller (NYSE:FUL) last released its earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.04). HB Fuller had a return on equity of 13.50% and a net margin of 4.14%. The company had revenue of $770.11 million for the quarter, compared to the consensus estimate of $784.75 million.

Several research firms recently issued reports on FUL. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Monday, October 8th. ValuEngine lowered HB Fuller from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Robert W. Baird dropped their target price on HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, September 28th. Deutsche Bank dropped their target price on HB Fuller from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 28th. Finally, Berenberg Bank started coverage on HB Fuller in a research report on Thursday, July 12th. They set a “buy” rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. HB Fuller currently has a consensus rating of “Hold” and an average target price of $61.00.

In other HB Fuller news, VP Steven Kenny sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $56.19, for a total transaction of $123,618.00. Following the transaction, the vice president now owns 30,173 shares of the company’s stock, valued at $1,695,420.87. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Traci L. Jensen sold 4,508 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $57.45, for a total value of $258,984.60. The disclosure for this sale can be found here. 3.46% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC acquired a new position in HB Fuller during the second quarter worth approximately $200,000. Balter Liquid Alternatives LLC acquired a new position in HB Fuller during the second quarter worth approximately $259,000. Jane Street Group LLC acquired a new position in shares of HB Fuller in the second quarter valued at approximately $269,000. SNS Financial Group LLC acquired a new position in shares of HB Fuller in the second quarter valued at approximately $294,000. Finally, D.A. Davidson & CO. grew its position in shares of HB Fuller by 20.0% in the second quarter. D.A. Davidson & CO. now owns 6,000 shares of the specialty chemicals company’s stock valued at $322,000 after purchasing an additional 1,000 shares during the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

FUL traded down $0.82 on Monday, hitting $45.50. 336,237 shares of the company were exchanged, compared to its average volume of 412,193. HB Fuller has a 12 month low of $45.22 and a 12 month high of $59.58. The firm has a market capitalization of $2.62 billion, a PE ratio of 18.20, a PEG ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.46 and a current ratio of 2.24.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Thursday, October 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, October 17th. HB Fuller’s dividend payout ratio (DPR) is presently 24.80%.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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