Wall Street brokers expect Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) to report earnings per share (EPS) of $1.58 for the current quarter, Zacks reports. Four analysts have made estimates for Fortune Brands Home & Security’s earnings. The lowest EPS estimate is $1.54 and the highest is $1.63. Fortune Brands Home & Security reported earnings of $1.56 per share for the same quarter last year, indicating a positive growth rate of 1.3% year over year. The company is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect Fortune Brands Home & Security to report year-to-date full-year earnings per share of $6.38 with EPS estimates ranging from $6.26 to $6.50. For the next year, analysts expect the company to report earnings of $6.63 per share with EPS estimates ranging from $5.92 to $7.34. Zacks Investment Research EPS Averages are an average based on a survey of analysts covering Fortune Brands Home & Security.
Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The industrial products company reported earnings per share of $1.31 for the quarter, beating analyst consensus estimates of $1.26 by $0.05. Fortune Brands Home & Security had a net margin of 9.94% and a return on equity of 26.00%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. In the same quarter last year, the company earned $1.36 per share. The company’s revenue for the quarter increased 8.3% compared to the same quarter last year.
A number of research analysts have issued reports on FBHS stock. Goldman Sachs Group lowered its target price on Fortune Brands Home & Security to $100.00 from $132.00 and gave the company a buy rating in a research report on Tuesday, April 12. Zacks Investment Research upgraded Fortune Brands Home & Security to a hold rating from a “sell” rating and placed a price target of $75.00 on the stock in a research report on Monday, May 2nd. Bank of America upgraded Fortune Brands Home & Security to a neutral rating from an underperform rating and raised its price target on the stock to $84.00 from $74.00 in a research report on Friday, May 22 April 29, raised. Jefferies Financial Group cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating and lowered its price target on the company to $95.00 from $120.00 in a research note on Monday , March 21st. Finally, JPMorgan Chase & Co. lowered its target price on shares of Fortune Brands Home & Security to $81.00 from $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, April. One research analyst has rated the stock with a sell rating, seven with a hold rating and five with a buy rating. Based on data from MarketBeat.com, Fortune Brands Home & Security has an average rating of Hold and a consensus price target of $95.15.
Several institutional investors and hedge funds have recently bought and sold shares in FBHS. Toronto Dominion Bank increased its stake in Fortune Brands Home & Security by 42.5% in the fourth quarter. Toronto Dominion Bank now owns 79,892 shares of the industrial products company, valued at $8,540,000, after purchasing an additional 23,820 shares last quarter. Squarepoint Ops LLC increased its stake in Fortune Brands Home & Security by 34.1% during the third quarter. Squarepoint Ops LLC now owns 42,805 shares of the industrial products company valued at $3,828,000 after purchasing an additional 10,896 shares during the period. BlackRock Inc. increased its holding in shares of Fortune Brands Home & Security by 1.8% in the third quarter. BlackRock Inc. now owns 10,956,597 shares of the industrial products company’s stock valued at $979,739,000 after purchasing an additional 193,638 shares during the period. Assenagon Asset Management SA increased its stake in Fortune Brands Home & Security by 116.3% in the fourth quarter. Assenagon Asset Management SA now owns 40,499 shares of the industrial products company valued at $4,329,000 after purchasing a further 21,775 shares during the period. Finally, NorthCrest Asset Management LLC acquired a new interest in Fortune Brands Home & Security during the fourth quarter for approximately $721,000. Hedge funds and other institutional investors own 88.19% of the company’s shares.
NYSE FBHS opened at $70.91 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.18 and a debt-to-equity ratio of 1.16. Fortune Brands Home & Security has a 52-week low of $68.27 and a 52-week high of $114.00. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.45 and a beta of 1.54. The company has a 50-day moving average of $77.29 and a 200-day moving average of $91.66.
Fortune Brands Home & Security announced that its board of directors initiated a stock repurchase plan on Wednesday, March 2, allowing the company to repurchase $750.00 million in outstanding shares. This buyback authorization allows the industrial products company to acquire up to 6.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 27 will receive a dividend of $0.28 per share. The ex-dividend date is Thursday May 26th. That equates to an annualized dividend of $1.12 and a dividend yield of 1.58%. Fortune Brands Home & Security’s payout ratio is currently 19.93%.
About Fortune Brands Home & Security (get rating)
Fortune Brands Home & Security, Inc offers home and security products for home repair, remodeling, new construction and security applications. It operates through three segments: Sanitary, Outdoor & Safety and Closets. The Plumbing segment manufactures, assembles and sells faucets, accessories, kitchen sinks and waste disposal equipment under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe and Shaws brands in the United States, China, Canada, Mexico and Southeast Asia, Europe and South America directly through its own sales force as well as through independent manufacturer representatives to wholesalers, home centers, wholesalers and industrial distributors.
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