$1.24 Earnings Per Share Expected for Fortune Brands Home & Security, Inc. (NYSE:FBHS) This Quarter

Brokerages expect that Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) will report $1.24 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Fortune Brands Home & Security’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.15. Fortune Brands Home & Security reported earnings per share of $1.36 during the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The business is scheduled to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Fortune Brands Home & Security will report full year earnings of $6.33 per share for the current year, with EPS estimates ranging from $6.03 to $6.46. For the next fiscal year, analysts anticipate that the business will report earnings of $7.00 per share, with EPS estimates ranging from $6.62 to $7.40. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The industrial products company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.02. Fortune Brands Home & Security had a net margin of 10.09% and a return on equity of 26.45%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the business earned $1.25 EPS. Fortune Brands Home & Security’s revenue was up 18.3% compared to the same quarter last year.

Several equities analysts recently weighed in on FBHS shares. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $75.00 target price on the stock. in a research report on Tuesday, April 12th. StockNews.com assumed coverage on shares of Fortune Brands Home & Security in a research note on Thursday, March 31st. They set a “hold” rating for the company. Bank of America cut Fortune Brands Home & Security from a “buy” rating to an “underperform” rating and cut their price target for the company from $118.00 to $74.00 in a report on Monday, April 11th. Loop Capital downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating and reduced their target price for the stock from $120.00 to $91.00 in a report on Wednesday, March 23rd. Finally, UBS Group began coverage on shares of Fortune Brands Home & Security in a report on Wednesday, January 19th. They issued a “buy” rating and a $130.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $100.86.

In other news, SVP Martin Thomas sold 4,262 shares of the firm’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $89.28, for a total transaction of $380,511.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.97% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Veritable L.P. boosted its stake in shares of Fortune Brands Home & Security by 3.4% during the third quarter. Veritable L.P. now owns 3,296 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 109 shares in the last quarter. Signaturefd LLC boosted its position in Fortune Brands Home & Security by 21.0% during the 4th quarter. Signaturefd LLC now owns 646 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 112 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Fortune Brands Home & Security by 0.7% in the 3rd quarter. AE Wealth Management LLC now owns 16,704 shares of the industrial products company’s stock valued at $1,494,000 after acquiring an additional 120 shares during the period. IndexIQ Advisors LLC raised its position in shares of Fortune Brands Home & Security by 5.3% in the 3rd quarter. IndexIQ Advisors LLC now owns 2,393 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 120 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Fortune Brands Home & Security by 62.4% during the 4th quarter. CVA Family Office LLC now owns 315 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 121 shares during the last quarter. 84.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE FBHS traded down $0.76 during midday trading on Monday, hitting $68.88. 78,487 shares of the stock traded hands, compared to its average volume of 1,290,722. The firm has a market capitalization of $9.12 billion, a P/E ratio of 12.41, a PEG ratio of 1.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.79 and a current ratio of 1.39. The firm has a 50-day moving average of $82.13 and a two-hundred day moving average of $93.95. Fortune Brands Home & Security has a one year low of $69.25 and a one year high of $114.00.

Fortune Brands Home & Security declared that its board has approved a share buyback program on Wednesday, March 2nd that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About Fortune Brands Home & Security (Get Rating)

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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