HB Fuller (NYSE:FUL) Issues Earnings Results

HB Fuller (NYSE:FUL) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.06, Bloomberg Earnings reports. The company had revenue of $691.46 million during the quarter, compared to analyst estimates of $674.28 million. HB Fuller had a net margin of 4.43% and a return on equity of 11.86%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. HB Fuller updated its Q4 2020
After-Hours guidance to EPS.

NYSE FUL traded down $1.64 during trading hours on Wednesday, hitting $46.13. The company’s stock had a trading volume of 900,585 shares, compared to its average volume of 501,782. HB Fuller has a twelve month low of $23.68 and a twelve month high of $52.40. The firm has a market capitalization of $2.38 billion, a P/E ratio of 19.38, a PEG ratio of 2.49 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 2.05 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average of $49.01 and a 200 day moving average of $40.09.

A number of equities research analysts recently weighed in on FUL shares. Deutsche Bank raised their price target on HB Fuller from $31.00 to $45.00 and gave the company a “hold” rating in a report on Friday, June 26th. Robert W. Baird raised their target price on HB Fuller from $35.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price target on shares of HB Fuller in a research report on Friday, June 26th. TheStreet upgraded shares of HB Fuller from a “c+” rating to a “b” rating in a research report on Wednesday, August 5th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, August 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.43.

In related news, CEO James Owens sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the chief executive officer now owns 256,812 shares in the company, valued at $11,371,635.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy J. Keenan sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $45.31, for a total value of $317,170.00. Following the completion of the sale, the vice president now owns 29,472 shares of the company’s stock, valued at approximately $1,335,376.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,041 shares of company stock worth $1,022,269. Insiders own 4.18% of the company’s stock.

HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Earnings History for HB Fuller (NYSE:FUL)

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