Fortune Brands Home & Security Inc (FBHS) Expected to Post Earnings of $0.95 Per Share

Wall Street analysts forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will post earnings per share of $0.95 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.98. Fortune Brands Home & Security reported earnings of $0.80 per share during the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.45. For the next fiscal year, analysts anticipate that the company will report earnings of $3.85 per share, with EPS estimates ranging from $3.68 to $4.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.44 billion.

Several equities analysts have recently weighed in on FBHS shares. Credit Suisse Group set a $57.00 price target on shares of Fortune Brands Home & Security and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Nomura dropped their price target on shares of Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. Longbow Research cut shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Finally, TheStreet cut shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.58.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $51.31, for a total value of $256,550.00. Following the transaction, the director now directly owns 14,142 shares of the company’s stock, valued at approximately $725,626.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.71% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Fort L.P. acquired a new position in Fortune Brands Home & Security in the 2nd quarter valued at $117,000. O Brien Wealth Partners LLC purchased a new stake in shares of Fortune Brands Home & Security in the 3rd quarter worth about $126,000. First Mercantile Trust Co. purchased a new stake in shares of Fortune Brands Home & Security in the 3rd quarter worth about $126,000. First Manhattan Co. boosted its position in shares of Fortune Brands Home & Security by 136.4% in the 3rd quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,500 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Fortune Brands Home & Security in the 3rd quarter worth about $185,000. 85.95% of the stock is currently owned by institutional investors.

FBHS traded down $0.16 during midday trading on Friday, hitting $43.13. 2,337 shares of the company traded hands, compared to its average volume of 2,784,830. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.18 and a beta of 1.31. Fortune Brands Home & Security has a 52-week low of $40.89 and a 52-week high of $73.62.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.85%. Fortune Brands Home & Security’s dividend payout ratio is currently 25.97%.

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 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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