Analysts Expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) Will Post Earnings of $1.37 Per Share

Wall Street analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to post earnings of $1.37 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fortune Brands Home & Security’s earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.39. Fortune Brands Home & Security posted earnings of $0.94 per share in the same quarter last year, which suggests a positive year over year growth rate of 45.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, July 28th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full year earnings of $5.63 per share for the current year, with EPS estimates ranging from $5.55 to $5.74. For the next financial year, analysts expect that the business will report earnings of $6.25 per share, with EPS estimates ranging from $6.07 to $6.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, April 28th. The industrial products company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.32. Fortune Brands Home & Security had a return on equity of 24.65% and a net margin of 9.63%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.64 billion.

Several equities analysts recently issued reports on the company. Loop Capital upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, June 22nd. KeyCorp boosted their price target on Fortune Brands Home & Security from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, May 4th. Wells Fargo & Company assumed coverage on Fortune Brands Home & Security in a research report on Thursday, July 15th. They issued an “equal weight” rating and a $105.00 price target on the stock. Royal Bank of Canada boosted their price target on Fortune Brands Home & Security from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 30th. Finally, Truist boosted their price target on Fortune Brands Home & Security from $107.00 to $125.00 in a research report on Friday, April 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $101.94.

In other news, CFO Patrick D. Hallinan sold 18,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $107.66, for a total transaction of $1,964,795.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann F. Hackett sold 1,346 shares of the business’s stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $104.43, for a total value of $140,562.78. The disclosure for this sale can be found here. Insiders have sold a total of 32,826 shares of company stock worth $3,609,873 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in FBHS. Montag A & Associates Inc. purchased a new stake in Fortune Brands Home & Security in the 4th quarter valued at approximately $34,000. ADE LLC purchased a new stake in Fortune Brands Home & Security in the 4th quarter valued at approximately $34,000. Vigilant Capital Management LLC purchased a new stake in Fortune Brands Home & Security in the 2nd quarter valued at approximately $40,000. Cranbrook Wealth Management LLC purchased a new stake in Fortune Brands Home & Security in the 1st quarter valued at approximately $40,000. Finally, Meridian Wealth Partners LLC lifted its stake in Fortune Brands Home & Security by 20.8% in the 1st quarter. Meridian Wealth Partners LLC now owns 679 shares of the industrial products company’s stock valued at $65,000 after buying an additional 117 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of FBHS traded down $1.42 during midday trading on Thursday, reaching $96.30. 12,473 shares of the stock were exchanged, compared to its average volume of 721,845. The firm has a 50-day simple moving average of $100.16. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.96 and a quick ratio of 1.16. Fortune Brands Home & Security has a twelve month low of $68.71 and a twelve month high of $114.00. The stock has a market cap of $13.35 billion, a P/E ratio of 22.11 and a beta of 1.65.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 16th. Shareholders of record on Friday, May 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 27th. Fortune Brands Home & Security’s payout ratio is 24.82%.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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

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