Equities research analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) to post sales of $2.04 billion for the current quarter, Zacks reports. Four analysts have made estimates for Fortune Brands Home & Security’s earnings, with the highest sales estimate coming in at $2.05 billion and the lowest estimate coming in at $2.02 billion. Fortune Brands Home & Security posted sales of $1.94 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Fortune Brands Home & Security will report full-year sales of $8.14 billion for the current year, with estimates ranging from $8.11 billion to $8.18 billion. For the next financial year, analysts expect that the company will post sales of $8.24 billion, with estimates ranging from $7.94 billion to $8.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Fortune Brands Home & Security.
Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. Fortune Brands Home & Security had a net margin of 9.94% and a return on equity of 26.00%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS.
Shares of Fortune Brands Home & Security stock opened at $69.36 on Wednesday. The firm has a market cap of $9.07 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. Fortune Brands Home & Security has a 12-month low of $68.27 and a 12-month high of $111.92. The company has a quick ratio of 1.20, a current ratio of 2.18 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $76.70 and its two-hundred day simple moving average is $91.33.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, May 26th. Fortune Brands Home & Security’s dividend payout ratio is currently 19.93%.
Fortune Brands Home & Security declared that its board has approved a stock 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 reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Hedge funds have recently bought and sold shares of the stock. Systematic Alpha Investments LLC bought a new position in Fortune Brands Home & Security during the 3rd quarter worth about $26,000. Clearstead Advisors LLC bought a new stake in shares of Fortune Brands Home & Security in the 4th quarter valued at about $27,000. SouthState Corp bought a new stake in shares of Fortune Brands Home & Security in the 3rd quarter valued at about $34,000. CVA Family Office LLC raised its position in shares of Fortune Brands Home & Security by 62.4% in the 4th quarter. CVA Family Office LLC now owns 315 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 121 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Fortune Brands Home & Security by 128.1% in the 1st quarter. Allworth Financial LP now owns 463 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 260 shares during the last quarter. 88.19% of the stock is currently owned by institutional investors.
Fortune Brands Home & Security Company Profile (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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