HB Fuller Co (FUL) Expected to Announce Quarterly Sales of $808.06 Million

Wall Street brokerages expect that HB Fuller Co (NYSE:FUL) will report sales of $808.06 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for HB Fuller’s earnings. The highest sales estimate is $813.58 million and the lowest is $803.40 million. HB Fuller reported sales of $561.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 43.9%. The firm is expected to report its next earnings report on Wednesday, June 27th.

According to Zacks, analysts expect that HB Fuller will report full-year sales of $3.15 billion for the current year, with estimates ranging from $3.11 billion to $3.18 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.29 billion per share, with estimates ranging from $3.21 billion to $3.32 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover HB Fuller.

HB Fuller (NYSE:FUL) last issued its earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $713.08 million for the quarter, compared to analysts’ expectations of $663.98 million. HB Fuller had a return on equity of 11.69% and a net margin of 3.62%.

FUL has been the topic of a number of recent research reports. TheStreet cut HB Fuller from a “b” rating to a “c+” rating in a report on Monday, February 26th. Zacks Investment Research cut HB Fuller from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, Robert W. Baird restated a “hold” rating and issued a $54.00 target price on shares of HB Fuller in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.50.

In other news, CFO John J. Corkrean acquired 3,200 shares of HB Fuller stock in a transaction that occurred on Thursday, April 19th. The stock was purchased at an average price of $52.15 per share, with a total value of $166,880.00. Following the completion of the transaction, the chief financial officer now owns 8,247 shares in the company, valued at $430,081.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.46% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new stake in HB Fuller during the fourth quarter valued at $205,000. Capital Fund Management S.A. acquired a new stake in shares of HB Fuller in the fourth quarter worth about $242,000. PEAK6 Investments L.P. acquired a new stake in shares of HB Fuller in the fourth quarter worth about $243,000. Xact Kapitalforvaltning AB acquired a new stake in shares of HB Fuller in the fourth quarter worth about $249,000. Finally, Meadow Creek Investment Management LLC lifted its position in shares of HB Fuller by 25.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 6,972 shares of the specialty chemicals company’s stock worth $376,000 after buying an additional 1,400 shares during the last quarter. 97.68% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FUL traded up $0.20 during mid-day trading on Monday, reaching $55.72. The company had a trading volume of 465,876 shares, compared to its average volume of 437,630. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.11 and a beta of 1.54. HB Fuller has a 1-year low of $46.62 and a 1-year high of $58.74.

HB Fuller Company Profile

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.

Get a free copy of the Zacks research report on HB Fuller (FUL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for HB Fuller (NYSE:FUL)

Receive News & Ratings for HB Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HB Fuller and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit