HB Fuller (NYSE:FUL) Announces Quarterly Earnings Results

HB Fuller (NYSE:FUL) posted its earnings results on Wednesday. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13, MarketWatch Earnings reports. HB Fuller had a return on equity of 11.89% and a net margin of 4.43%. The company had revenue of $675.00 million for the quarter, compared to analyst estimates of $664.28 million. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue was down 11.2% compared to the same quarter last year. HB Fuller updated its Q3 2020
After-Hours guidance to EPS.

FUL stock opened at $42.50 on Friday. HB Fuller has a twelve month low of $23.68 and a twelve month high of $52.40. The company has a market cap of $2.20 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.81. The business’s 50-day simple moving average is $38.60 and its 200 day simple moving average is $40.74. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 1.56.

Several equities analysts have weighed in on FUL shares. Citigroup cut their target price on HB Fuller from $50.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. ValuEngine upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Zacks Investment Research downgraded HB Fuller from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. raised HB Fuller from a “neutral” rating to an “overweight” rating and set a $34.00 price target on the stock in a research report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. HB Fuller has a consensus rating of “Hold” and an average price target of $46.14.

About HB Fuller

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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