Fortune Brands Home & Security Inc (FBHS) Expected to Earn Q1 2019 Earnings of $0.59 Per Share

Fortune Brands Home & Security Inc (NYSE:FBHS) – Investment analysts at SunTrust Banks cut their Q1 2019 earnings estimates for Fortune Brands Home & Security in a research report issued on Thursday, February 7th. SunTrust Banks analyst K. Hughes now expects that the industrial products company will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.60. SunTrust Banks currently has a “Hold” rating and a $46.00 target price on the stock. SunTrust Banks also issued estimates for Fortune Brands Home & Security’s Q2 2019 earnings at $1.02 EPS.

Other equities research analysts have also issued research reports about the company. Nomura reduced their price target on Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Credit Suisse Group set a $57.00 price target on Fortune Brands Home & Security and gave the company a “buy” rating in a research report on Wednesday, October 17th. ValuEngine upgraded Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Friday, December 7th. TheStreet lowered Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Finally, Loop Capital boosted their price objective on Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.92.

NYSE FBHS opened at $45.17 on Monday. Fortune Brands Home & Security has a 12 month low of $35.27 and a 12 month high of $64.73. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.34 and a beta of 1.45. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 1.13.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.08). Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.46 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Friday, February 22nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, February 21st. Fortune Brands Home & Security’s payout ratio is currently 23.95%.

A number of hedge funds have recently bought and sold shares of FBHS. State of Alaska Department of Revenue raised its stake in Fortune Brands Home & Security by 5.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 38,374 shares of the industrial products company’s stock worth $2,007,000 after buying an additional 2,069 shares during the period. Bank of Montreal Can raised its stake in Fortune Brands Home & Security by 14.5% during the 3rd quarter. Bank of Montreal Can now owns 282,391 shares of the industrial products company’s stock worth $14,786,000 after buying an additional 35,711 shares during the period. PGGM Investments raised its stake in Fortune Brands Home & Security by 26.0% during the 3rd quarter. PGGM Investments now owns 390,298 shares of the industrial products company’s stock worth $20,436,000 after buying an additional 80,598 shares during the period. First Manhattan Co. raised its stake in Fortune Brands Home & Security by 136.4% during the 3rd quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,500 shares during the period. Finally, Andra AP fonden raised its stake in Fortune Brands Home & Security by 6.2% during the 3rd quarter. Andra AP fonden now owns 75,100 shares of the industrial products company’s stock worth $3,932,000 after buying an additional 4,400 shares during the period. 86.80% of the stock is currently owned by institutional investors and hedge funds.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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