Fortune Brands Home & Security Inc (NYSE:FBHS) announced a quarterly dividend on Tuesday, July 17th, Wall Street Journal reports. Stockholders of record on Friday, August 31st will be paid a dividend of 0.20 per share by the industrial products company on Wednesday, September 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 30th.
Fortune Brands Home & Security has increased its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Fortune Brands Home & Security has a dividend payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fortune Brands Home & Security to earn $4.13 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.4%.
Shares of FBHS opened at $54.71 on Wednesday. The stock has a market cap of $7.73 billion, a PE ratio of 17.02, 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 $52.63 and a 1 year high of $73.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.47.
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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.07% and a net margin of 8.53%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. analysts predict that Fortune Brands Home & Security will post 3.65 EPS for the current year.
Several brokerages have recently issued reports on FBHS. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Finally, Bank of America cut shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $64.00 to $61.00 in a report on Friday, August 10th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $68.77.
About Fortune Brands Home & Security
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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