Fortune Brands Home & Security Inc (NYSE:FBHS) Expected to Announce Quarterly Sales of $1.48 Billion

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Equities analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to post sales of $1.48 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings, with estimates ranging from $1.47 billion to $1.50 billion. Fortune Brands Home & Security reported sales of $1.42 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The company is scheduled to report its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full year sales of $5.77 billion for the current year, with estimates ranging from $5.76 billion to $5.79 billion. For the next year, analysts expect that the business will post sales of $6.02 billion, with estimates ranging from $5.99 billion to $6.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Fortune Brands Home & Security.

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

Several research firms recently weighed in on FBHS. Royal Bank of Canada upped their price objective on shares of Fortune Brands Home & Security from $61.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Jefferies Financial Group upped their price objective on shares of Fortune Brands Home & Security from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Robert W. Baird upped their price objective on shares of Fortune Brands Home & Security from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. SunTrust Banks raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $75.00 in a report on Monday, October 28th. Finally, Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 price target for the company in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $62.36.

FBHS stock traded down $0.42 during trading on Wednesday, hitting $64.38. The company had a trading volume of 1,023,351 shares, compared to its average volume of 1,382,730. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.97 and a beta of 1.53. The business has a 50 day moving average of $60.42 and a 200 day moving average of $55.02. Fortune Brands Home & Security has a fifty-two week low of $35.27 and a fifty-two week high of $64.96. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 27th. Fortune Brands Home & Security’s payout ratio is 26.35%.

In other Fortune Brands Home & Security news, Director Ann F. Hackett sold 2,387 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $62.83, for a total transaction of $149,975.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Danny Luburic sold 7,500 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $61.09, for a total transaction of $458,175.00. The disclosure for this sale can be found here. Insiders sold a total of 212,762 shares of company stock valued at $13,266,720 over the last three months. 1.63% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Fortune Brands Home & Security by 1.2% during the second quarter. Vanguard Group Inc. now owns 14,845,161 shares of the industrial products company’s stock valued at $848,104,000 after buying an additional 172,161 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fortune Brands Home & Security by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock valued at $476,103,000 after purchasing an additional 706,944 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of Fortune Brands Home & Security by 37.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock valued at $202,365,000 after purchasing an additional 971,613 shares during the period. Putnam Investments LLC increased its holdings in shares of Fortune Brands Home & Security by 1,568.5% in the 2nd quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock valued at $158,407,000 after purchasing an additional 2,606,572 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Fortune Brands Home & Security by 8.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,786,195 shares of the industrial products company’s stock valued at $102,046,000 after purchasing an additional 142,514 shares during the period. 86.50% of the stock is owned by institutional investors.

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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