Wall Street analysts expect H.B. Fuller (NYSE:FUL – Get Rating) to announce $965.21 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for H.B. Fuller’s earnings. The lowest sales estimate is $955.80 million and the highest is $973.37 million. H.B. Fuller reported sales of $827.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.6%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that H.B. Fuller will report full year sales of $3.79 billion for the current financial year, with estimates ranging from $3.74 billion to $3.83 billion. For the next year, analysts expect that the company will post sales of $3.97 billion, with estimates ranging from $3.89 billion to $4.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow H.B. Fuller.
H.B. Fuller (NYSE:FUL – Get Rating) last released its earnings results on Wednesday, March 23rd. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $856.50 million for the quarter, compared to the consensus estimate of $817.92 million. H.B. Fuller had a net margin of 5.39% and a return on equity of 12.40%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS.
Shares of FUL stock opened at $69.27 on Friday. The stock has a 50-day moving average of $67.89 and a 200-day moving average of $72.00. H.B. Fuller has a one year low of $59.17 and a one year high of $81.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.87 and a quick ratio of 1.11. The stock has a market cap of $3.67 billion, a PE ratio of 20.68 and a beta of 1.74.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 5th. Stockholders of record on Thursday, April 21st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 20th. H.B. Fuller’s dividend payout ratio (DPR) is presently 22.69%.
In other news, VP Traci L. Jensen sold 23,099 shares of the business’s stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of $71.13, for a total transaction of $1,643,031.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy J. Keenan sold 1,433 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $68.25, for a total value of $97,802.25. Following the sale, the vice president now owns 22,871 shares of the company’s stock, valued at approximately $1,560,945.75. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its holdings in H.B. Fuller by 4.6% during the fourth quarter. Parametric Portfolio Associates LLC now owns 192,535 shares of the specialty chemicals company’s stock worth $15,595,000 after buying an additional 8,426 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of H.B. Fuller by 2.9% in the 4th quarter. California State Teachers Retirement System now owns 72,925 shares of the specialty chemicals company’s stock worth $5,907,000 after buying an additional 2,025 shares during the last quarter. Credit Suisse AG grew its position in H.B. Fuller by 2.6% during the fourth quarter. Credit Suisse AG now owns 47,819 shares of the specialty chemicals company’s stock valued at $3,873,000 after buying an additional 1,228 shares during the period. Public Employees Retirement System of Ohio grew its position in H.B. Fuller by 15.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 44,080 shares of the specialty chemicals company’s stock valued at $3,570,000 after buying an additional 5,817 shares during the period. Finally, Castleview Partners LLC bought a new position in H.B. Fuller during the fourth quarter valued at about $127,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
About H.B. Fuller (Get Rating)
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.
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