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%.
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.
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