Equities research analysts forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will report sales of $1.48 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings, with estimates ranging from $1.45 billion to $1.52 billion. Fortune Brands Home & Security posted sales of $1.38 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that Fortune Brands Home & Security will report full year sales of $5.61 billion for the current fiscal year, with estimates ranging from $5.57 billion to $5.65 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.01 billion, with estimates ranging from $5.78 billion to $6.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Fortune Brands Home & Security.
Get Fortune Brands Home & Security alerts:
Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a return on equity of 20.63% and a net margin of 7.94%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion.
FBHS has been the topic of several research reports. ValuEngine cut Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Bank of America cut Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $64.00 to $61.00 in a report on Friday, August 10th. They noted that the move was a valuation call. Loop Capital reduced their target price on Fortune Brands Home & Security to $59.00 and set a “buy” rating on the stock in a report on Thursday. Goldman Sachs Group initiated coverage on Fortune Brands Home & Security in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Longbow Research cut Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.85.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the sale, the director now directly owns 14,142 shares of the company’s stock, valued at $725,626.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.71% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fort L.P. bought a new stake in Fortune Brands Home & Security during the second quarter worth approximately $117,000. O Brien Wealth Partners LLC bought a new stake in Fortune Brands Home & Security during the third quarter worth approximately $126,000. First Manhattan Co. increased its stake in Fortune Brands Home & Security by 136.4% during the third quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 1,500 shares during the last quarter. Ironwood Investment Management LLC bought a new stake in Fortune Brands Home & Security during the second quarter worth approximately $205,000. Finally, United Capital Financial Advisers LLC bought a new stake in Fortune Brands Home & Security during the first quarter worth approximately $245,000. 85.45% of the stock is currently owned by institutional investors.
Shares of FBHS stock opened at $41.58 on Wednesday. Fortune Brands Home & Security has a 12-month low of $41.17 and a 12-month high of $73.62. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $6.66 billion, a PE ratio of 14.22, a PEG ratio of 1.01 and a beta of 1.22.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.92%. Fortune Brands Home & Security’s payout ratio is currently 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.
Recommended Story: Do closed-end mutual funds pay dividends?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.