Fortune Brands Home & Security (FBHS) Set to Announce Quarterly Earnings on Wednesday

Fortune Brands Home & Security (NYSE:FBHS) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Fortune Brands Home & Security has set its FY19 guidance at $3.53-3.77 EPS.

Fortune Brands Home & Security (NYSE:FBHS) last issued 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). The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. On average, analysts expect Fortune Brands Home & Security to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of FBHS opened at $49.37 on Wednesday. The stock has a market capitalization of $6.92 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46. Fortune Brands Home & Security has a one year low of $35.27 and a one year high of $59.61. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of 0.83.

A number of research analysts recently commented on FBHS shares. Loop Capital downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating and reduced their price target for the company from $59.00 to $40.00 in a report on Tuesday, December 18th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $43.00 target price on the stock in a report on Monday, December 31st. ValuEngine downgraded Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Friday, January 4th. Bank of America raised Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a report on Friday, January 4th. Finally, Evercore ISI raised Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.82.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total transaction of $93,920.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.63% of the company’s stock.

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Fortune Brands Home & Security Company Profile

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 for Fortune Brands Home & Security (NYSE:FBHS)

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