$1.06 Earnings Per Share Expected for Fortune Brands Home & Security Inc (FBHS) This Quarter

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Fortune Brands Home & Security logo
Fortune Brands Home & Security logo

Equities analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to report earnings of $1.06 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.03. Fortune Brands Home & Security reported earnings of $0.83 per share in the same quarter last year, which would indicate a positive year over year growth rate of 27.7%. The company is expected to report its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.60 to $3.67. For the next year, analysts forecast that the company will report earnings of $4.13 per share, with EPS estimates ranging from $4.02 to $4.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Fortune Brands Home & Security.

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Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.02). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine cut Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, Bank of America cut Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $64.00 to $61.00 in a research report on Friday, August 10th. 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 seven have issued a buy rating to the stock. Fortune Brands Home & Security currently has an average rating of “Hold” and a consensus price target of $68.77.

A number of institutional investors and hedge funds have recently made changes to their positions in FBHS. Wells Fargo & Company MN boosted its holdings in Fortune Brands Home & Security by 35.3% in the 1st quarter. Wells Fargo & Company MN now owns 1,221,859 shares of the industrial products company’s stock valued at $71,956,000 after purchasing an additional 318,526 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Fortune Brands Home & Security by 40.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 100,311 shares of the industrial products company’s stock valued at $5,907,000 after purchasing an additional 28,757 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Fortune Brands Home & Security by 282.1% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 28,184 shares of the industrial products company’s stock valued at $1,636,000 after purchasing an additional 20,808 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in Fortune Brands Home & Security by 18.6% in the 1st quarter. Dupont Capital Management Corp now owns 106,203 shares of the industrial products company’s stock valued at $6,254,000 after purchasing an additional 16,663 shares in the last quarter. Finally, Twin Capital Management Inc. purchased a new stake in Fortune Brands Home & Security in the 1st quarter valued at approximately $488,000. 84.37% of the stock is currently owned by institutional investors.

FBHS stock traded down $0.29 during trading on Friday, hitting $52.98. The company had a trading volume of 1,877,677 shares, compared to its average volume of 1,147,591. The stock has a market capitalization of $7.69 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.17 and a beta of 1.37. Fortune Brands Home & Security has a 1-year low of $52.55 and a 1-year high of $73.62. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 0.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Friday, August 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 30th. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.

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 four segments: Cabinets, Plumbing, Doors, and 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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Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)
Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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