Zacks: Brokerages Expect Fortune Brands Home & Security Inc (NYSE:FBHS) to Announce $0.99 EPS

Equities research analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to announce earnings of $0.99 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.08. Fortune Brands Home & Security posted earnings per share of $0.93 in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The company is scheduled to report its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.57 to $3.63. For the next financial year, analysts expect that the company will report earnings of $3.98 per share, with EPS estimates ranging from $3.84 to $4.08. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, hitting analysts’ consensus estimates of $1.03. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company posted $1.00 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 5.5% on a year-over-year basis.

A number of research firms recently commented on FBHS. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. ValuEngine cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target for the company. in a report on Monday, August 5th. Finally, Loop Capital cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $53.00.

In other news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the completion of the sale, the director now owns 11,589 shares in the company, valued at $657,559.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $50.40, for a total value of $504,000.00. Following the sale, the director now owns 11,532 shares of the company’s stock, valued at approximately $581,212.80. The disclosure for this sale can be found here. Insiders own 1.63% of the company’s stock.

Several large investors have recently modified their holdings of FBHS. Geode Capital Management LLC boosted its holdings in shares of Fortune Brands Home & Security by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock worth $72,834,000 after acquiring an additional 131,460 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Fortune Brands Home & Security during the first quarter worth approximately $240,000. Moors & Cabot Inc. bought a new stake in shares of Fortune Brands Home & Security during the first quarter worth approximately $248,000. Cornerstone Advisors Inc. boosted its holdings in shares of Fortune Brands Home & Security by 47.0% during the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 204 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Fortune Brands Home & Security by 2.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,814 shares of the industrial products company’s stock worth $610,000 after acquiring an additional 347 shares during the period. Institutional investors own 87.96% of the company’s stock.

Fortune Brands Home & Security stock traded up $0.20 during midday trading on Tuesday, reaching $54.45. 646,619 shares of the company’s stock were exchanged, compared to its average volume of 787,881. Fortune Brands Home & Security has a 52 week low of $35.27 and a 52 week high of $58.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.65 and a beta of 1.52. The stock’s 50-day simple moving average is $51.85 and its 200 day simple moving average is $51.46.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

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 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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