Fortune Brands Home & Security Inc (FBHS) Expected to Post Quarterly Sales of $1.31 Billion

Wall Street brokerages forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will report $1.31 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings, with the highest sales estimate coming in at $1.34 billion and the lowest estimate coming in at $1.30 billion. Fortune Brands Home & Security reported sales of $1.25 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is expected to announce its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that Fortune Brands Home & Security will report full-year sales of $5.84 billion for the current fiscal year, with estimates ranging from $5.77 billion to $5.86 billion. For the next year, analysts expect that the business will post sales of $6.08 billion, with estimates ranging from $6.01 billion to $6.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.08). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.46 billion. Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%.

Several research firms have weighed in on FBHS. Goldman Sachs Group upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Sunday, December 9th. Evercore ISI upgraded shares of Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a research note on Monday, January 7th. Bank of America upgraded shares of Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research note on Friday, January 4th. Credit Suisse Group set a $49.00 price objective on shares of Fortune Brands Home & Security and gave the company a “buy” rating in a research note on Friday, January 11th. Finally, Loop Capital upped their price objective on shares of Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $54.27.

Shares of NYSE FBHS traded down $0.54 during midday trading on Wednesday, reaching $45.59. The company’s stock had a trading volume of 38,820 shares, compared to its average volume of 1,313,486. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.13 and a quick ratio of 0.68. Fortune Brands Home & Security has a one year low of $35.27 and a one year high of $61.44. The company has a market capitalization of $6.53 billion, a P/E ratio of 13.64, a PEG ratio of 1.43 and a beta of 1.46.

In related news, VP Danny Luburic sold 2,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $46.96, for a total transaction of $93,920.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.71% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. New England Research & Management Inc. raised its stake in Fortune Brands Home & Security by 1.4% in the fourth quarter. New England Research & Management Inc. now owns 17,080 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 242 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Fortune Brands Home & Security by 9.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,374 shares of the industrial products company’s stock valued at $128,000 after buying an additional 281 shares during the last quarter. ETF Managers Group LLC raised its position in Fortune Brands Home & Security by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 2,211 shares of the industrial products company’s stock valued at $84,000 after buying an additional 300 shares during the last quarter. Prio Wealth Limited Partnership raised its position in Fortune Brands Home & Security by 5.6% in the 4th quarter. Prio Wealth Limited Partnership now owns 5,700 shares of the industrial products company’s stock valued at $216,000 after buying an additional 300 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Fortune Brands Home & Security by 1.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 30,677 shares of the industrial products company’s stock valued at $1,165,000 after buying an additional 320 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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