Analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to report $1.50 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Fortune Brands Home & Security’s earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.53 billion. Fortune Brands Home & Security reported sales of $1.46 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 28th.
On average, analysts expect that Fortune Brands Home & Security will report full year sales of $5.80 billion for the current fiscal year, with estimates ranging from $5.72 billion to $5.86 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.10 billion, with estimates ranging from $5.98 billion to $6.20 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Fortune Brands Home & Security.
Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.59 by $0.35. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.29 billion. Fortune Brands Home & Security had a return on equity of 21.65% and a net margin of 7.61%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS.
In other Fortune Brands Home & Security news, insider Brett E. Finley sold 39,527 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $78.20, for a total value of $3,091,011.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Christopher J. Klein sold 32,744 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $84.03, for a total value of $2,751,478.32. The disclosure for this sale can be found here. In the last three months, insiders sold 264,571 shares of company stock valued at $20,471,174. Corporate insiders own 1.45% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FBHS. FMR LLC grew its holdings in Fortune Brands Home & Security by 26.3% during the second quarter. FMR LLC now owns 8,628,008 shares of the industrial products company’s stock valued at $551,589,000 after purchasing an additional 1,794,510 shares during the period. Nordea Investment Management AB grew its holdings in Fortune Brands Home & Security by 191.6% during the second quarter. Nordea Investment Management AB now owns 1,513,318 shares of the industrial products company’s stock valued at $95,884,000 after purchasing an additional 994,314 shares during the period. Alyeska Investment Group L.P. bought a new stake in Fortune Brands Home & Security during the second quarter valued at about $38,036,000. Alta Capital Management LLC lifted its position in shares of Fortune Brands Home & Security by 93.7% in the first quarter. Alta Capital Management LLC now owns 802,721 shares of the industrial products company’s stock valued at $34,717,000 after acquiring an additional 388,357 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in shares of Fortune Brands Home & Security in the second quarter valued at about $24,569,000. 87.38% of the stock is owned by institutional investors and hedge funds.
Shares of Fortune Brands Home & Security stock traded up $1.13 during trading on Friday, hitting $85.21. 1,267,507 shares of the stock traded hands, compared to its average volume of 1,336,169. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.91. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 2.95 and a beta of 1.78. The firm’s fifty day moving average is $81.87 and its 200-day moving average is $62.19. Fortune Brands Home & Security has a 52 week low of $33.90 and a 52 week high of $86.80.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, August 27th. Fortune Brands Home & Security’s payout ratio is 26.67%.
About Fortune Brands Home & Security
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 three segments: Cabinets, Plumbing, and Doors & 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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