$0.97 Earnings Per Share Expected for Fortune Brands Home & Security Inc (NYSE:FBHS) This Quarter

Wall Street brokerages expect that Fortune Brands Home & Security Inc (NYSE:FBHS) will post earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.01. Fortune Brands Home & Security posted earnings of $0.86 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The business is expected to announce its next quarterly earnings results on Thursday, January 30th.

On average, analysts expect that Fortune Brands Home & Security will report full year earnings of $3.58 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.62. For the next year, analysts anticipate that the firm will post earnings of $3.95 per share, with EPS estimates ranging from $3.86 to $4.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year.

A number of analysts have recently weighed in on FBHS shares. SunTrust Banks upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and raised their target price for the company from $58.00 to $75.00 in a research note on Monday, October 28th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a research note on Monday, December 30th. Goldman Sachs Group started coverage on Fortune Brands Home & Security in a research note on Friday, December 6th. They issued a “buy” rating and a $74.00 target price for the company. Nomura raised their target price on Fortune Brands Home & Security from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Bank of America lowered Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Tuesday. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.91.

Shares of NYSE:FBHS traded down $0.16 during midday trading on Thursday, reaching $66.63. The company’s stock had a trading volume of 828,456 shares, compared to its average volume of 906,783. Fortune Brands Home & Security has a fifty-two week low of $40.36 and a fifty-two week high of $67.13. The company has a market capitalization of $9.12 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.72 and a beta of 1.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.39 and a quick ratio of 0.83. The business’s fifty day simple moving average is $64.63 and its 200-day simple moving average is $57.69.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Friday, February 28th will be issued a $0.24 dividend. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.96 annualized dividend and a yield of 1.44%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.35%.

In related news, VP Danny Luburic sold 7,500 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $61.09, for a total value of $458,175.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher J. Klein sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $64.60, for a total value of $3,230,000.00. In the last quarter, insiders sold 262,762 shares of company stock worth $16,496,720. 1.63% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of FBHS. Putnam Investments LLC boosted its holdings in Fortune Brands Home & Security by 1,568.5% in the second quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock valued at $158,407,000 after acquiring an additional 2,606,572 shares during the last quarter. Holocene Advisors LP boosted its holdings in Fortune Brands Home & Security by 334.3% in the second quarter. Holocene Advisors LP now owns 1,533,278 shares of the industrial products company’s stock valued at $87,596,000 after acquiring an additional 1,180,254 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in Fortune Brands Home & Security by 37.8% in the second quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock valued at $202,365,000 after acquiring an additional 971,613 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Fortune Brands Home & Security in the second quarter valued at about $32,493,000. Finally, Point72 Asset Management L.P. boosted its holdings in Fortune Brands Home & Security by 65.6% in the third quarter. Point72 Asset Management L.P. now owns 1,095,176 shares of the industrial products company’s stock valued at $59,906,000 after acquiring an additional 433,998 shares during the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.

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 three segments: Cabinets, Plumbing, and Doors & 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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