Zacks: Analysts Expect Fortune Brands Home & Security Inc (NYSE:FBHS) to Announce $1.02 EPS

Analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to report earnings per share (EPS) of $1.02 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.05. Fortune Brands Home & Security reported earnings per share of $0.95 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The business is expected to report its next quarterly earnings results on Wednesday, October 28th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.82 per share for the current year, with EPS estimates ranging from $3.75 to $3.90. For the next fiscal year, analysts forecast that the firm will post earnings of $4.26 per share, with EPS estimates ranging from $3.98 to $4.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.35. Fortune Brands Home & Security had a return on equity of 21.65% and a net margin of 7.61%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis.

A number of equities research analysts have recently weighed in on FBHS shares. Royal Bank of Canada lifted their target price on Fortune Brands Home & Security from $62.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. They noted that the move was a valuation call. SunTrust Banks lifted their target price on Fortune Brands Home & Security from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on Fortune Brands Home & Security from $60.00 to $74.00 in a research report on Friday, July 10th. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $71.12.

In other news, insider Brett E. Finley sold 39,527 shares of Fortune Brands Home & Security stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $78.20, for a total transaction of $3,091,011.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Christopher J. Klein sold 32,744 shares of Fortune Brands Home & Security stock in a transaction dated Wednesday, August 19th. The shares were 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. Insiders have sold 264,571 shares of company stock worth $20,471,174 over the last three months. Insiders own 1.45% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Fortune Brands Home & Security by 3.0% during the 1st quarter. BlackRock Inc. now owns 10,835,409 shares of the industrial products company’s stock valued at $468,631,000 after purchasing an additional 319,935 shares during the last quarter. 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. State Street Corp grew its holdings in Fortune Brands Home & Security by 1.1% during the first quarter. State Street Corp now owns 6,325,813 shares of the industrial products company’s stock valued at $273,591,000 after purchasing an additional 66,150 shares during the period. Geode Capital Management LLC grew its holdings in Fortune Brands Home & Security by 15.1% during the first quarter. Geode Capital Management LLC now owns 2,721,151 shares of the industrial products company’s stock valued at $117,505,000 after purchasing an additional 356,697 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in Fortune Brands Home & Security by 2.8% during the first quarter. Eagle Asset Management Inc. now owns 1,710,397 shares of the industrial products company’s stock valued at $73,974,000 after purchasing an additional 47,275 shares during the period. 87.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FBHS traded up $1.13 during midday trading on Wednesday, reaching $85.21. 1,267,507 shares of the stock were exchanged, compared to its average volume of 1,336,169. Fortune Brands Home & Security has a twelve month low of $33.90 and a twelve month high of $86.80. 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 company has a market cap of $11.77 billion, a P/E ratio of 27.75, a PEG ratio of 2.95 and a beta of 1.78. The stock’s 50 day simple moving average is $81.87 and its 200 day simple moving average is $62.19.

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 given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, August 27th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.67%.

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

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