Zacks: Brokerages Anticipate Fortune Brands Home & Security Inc (NYSE:FBHS) Will Post Earnings of $0.97 Per Share

Equities analysts forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will announce earnings of $0.97 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.01. Fortune Brands Home & Security reported earnings of $0.86 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is scheduled to report its next quarterly earnings report on Thursday, January 30th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.62. For the next year, analysts anticipate that the company will post earnings of $3.94 per share, with EPS estimates ranging from $3.86 to $4.08. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Fortune Brands Home & Security had a net margin of 7.23% and a return on equity of 21.55%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis.

A number of research firms have recently weighed in on FBHS. Zelman & Associates downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Jefferies Financial Group boosted their target price on shares of Fortune Brands Home & Security from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a report on Friday, October 25th. ValuEngine downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Goldman Sachs Group initiated coverage on shares of Fortune Brands Home & Security in a report on Friday. They issued a “buy” rating and a $74.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.27.

Shares of Fortune Brands Home & Security stock traded down $0.10 during trading hours on Tuesday, reaching $64.00. The company’s stock had a trading volume of 720,039 shares, compared to its average volume of 1,370,389. The firm has a 50 day moving average price of $62.29 and a 200-day moving average price of $55.75. Fortune Brands Home & Security has a one year low of $35.27 and a one year high of $65.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.39 and a quick ratio of 0.83. The stock has a market cap of $8.99 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.02 and a beta of 1.53.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

In other Fortune Brands Home & Security news, Director Ann F. Hackett sold 2,387 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $62.83, for a total value of $149,975.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Klein sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $64.60, for a total transaction of $3,230,000.00. Over the last ninety days, insiders have sold 262,762 shares of company stock valued at $16,496,720. 1.63% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in FBHS. Putnam Investments LLC boosted its position in Fortune Brands Home & Security by 1,568.5% in the 2nd quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock valued at $158,407,000 after buying an additional 2,606,572 shares during the period. Holocene Advisors LP boosted its position in Fortune Brands Home & Security by 334.3% in the 2nd quarter. Holocene Advisors LP now owns 1,533,278 shares of the industrial products company’s stock valued at $87,596,000 after buying an additional 1,180,254 shares during the period. Pictet Asset Management Ltd. boosted its position in Fortune Brands Home & Security by 37.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock valued at $202,365,000 after buying an additional 971,613 shares during the period. JPMorgan Chase & Co. boosted its position in Fortune Brands Home & Security by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock valued at $476,103,000 after buying an additional 706,944 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in Fortune Brands Home & Security in the 2nd quarter valued at about $32,493,000. 86.50% of the stock is owned by institutional investors.

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

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