HB Fuller (NYSE:FUL) Announces Earnings Results

HB Fuller (NYSE:FUL) issued its earnings results on Wednesday. The specialty chemicals company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01), RTT News reports. The company had revenue of $759.60 million during the quarter, compared to analyst estimates of $779.07 million. HB Fuller had a net margin of 4.31% and a return on equity of 13.41%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. HB Fuller updated its FY 2019 guidance to $3.10-3.30 EPS and its FY19 guidance to $3.10-3.30 EPS.

Shares of NYSE FUL opened at $46.40 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.36 and a current ratio of 2.10. The business’s 50 day simple moving average is $43.41. The firm has a market capitalization of $2.34 billion, a P/E ratio of 15.42, a PEG ratio of 1.18 and a beta of 1.52. HB Fuller has a 12-month low of $39.22 and a 12-month high of $59.58.

In other news, VP Heather Campe sold 11,457 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $50.36, for a total transaction of $576,974.52. Following the completion of the transaction, the vice president now directly owns 20,644 shares in the company, valued at $1,039,631.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.46% of the company’s stock.

FUL has been the subject of several analyst reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. downgraded HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price objective for the company. in a research report on Tuesday, April 9th. They noted that the move was a valuation call. ValuEngine downgraded HB Fuller from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Finally, TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. HB Fuller has an average rating of “Hold” and an average target price of $57.17.

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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