Analysts Anticipate Fortune Brands Home & Security, Inc. (FBHS) Will Post Quarterly Sales of $1.39 Billion

Wall Street analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report $1.39 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Fortune Brands Home & Security’s earnings. The lowest sales estimate is $1.38 billion and the highest is $1.41 billion. Fortune Brands Home & Security reported sales of $1.30 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full year sales of $1.39 billion for the current financial year, with estimates ranging from $5.34 billion to $5.40 billion. For the next year, analysts anticipate that the business will post sales of $5.68 billion per share, with estimates ranging from $5.57 billion to $5.73 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Fortune Brands Home & Security had a net margin of 8.48% and a return on equity of 19.01%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS.

FBHS has been the subject of a number of research reports. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. Jefferies Group LLC restated a “buy” rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. Barclays PLC restated a “hold” rating and issued a $62.00 price objective on shares of Fortune Brands Home & Security in a report on Friday, April 28th. Finally, Nomura initiated coverage on shares of Fortune Brands Home & Security in a report on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $67.73.

Shares of Fortune Brands Home & Security (NYSE:FBHS) traded up 0.50% during trading on Friday, reaching $66.04. 269,767 shares of the company traded hands. The firm has a 50 day moving average of $65.29 and a 200 day moving average of $61.17. Fortune Brands Home & Security has a 52 week low of $52.05 and a 52 week high of $67.50. The stock has a market capitalization of $10.16 billion, a PE ratio of 24.10 and a beta of 1.39.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.28%.

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In related news, Director Norman H. Wesley sold 18,202 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $62.63, for a total value of $1,139,991.26. Following the completion of the sale, the director now owns 2,132 shares in the company, valued at approximately $133,527.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Klein sold 55,000 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $64.91, for a total transaction of $3,570,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 229,611 shares of company stock valued at $14,626,719 in the last quarter. 1.61% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. APG Asset Management N.V. increased its stake in Fortune Brands Home & Security by 16.9% in the second quarter. APG Asset Management N.V. now owns 243,016 shares of the industrial products company’s stock valued at $15,854,000 after buying an additional 35,200 shares during the period. BB&T Corp increased its stake in Fortune Brands Home & Security by 19.6% in the second quarter. BB&T Corp now owns 8,332 shares of the industrial products company’s stock valued at $543,000 after buying an additional 1,366 shares during the period. Oakbrook Investments LLC increased its stake in Fortune Brands Home & Security by 0.6% in the second quarter. Oakbrook Investments LLC now owns 12,220 shares of the industrial products company’s stock valued at $797,000 after buying an additional 70 shares during the period. State Treasurer State of Michigan increased its stake in Fortune Brands Home & Security by 0.6% in the second quarter. State Treasurer State of Michigan now owns 50,564 shares of the industrial products company’s stock valued at $3,299,000 after buying an additional 300 shares during the period. Finally, Douglas Lane & Associates LLC increased its stake in Fortune Brands Home & Security by 17.7% in the second quarter. Douglas Lane & Associates LLC now owns 655,142 shares of the industrial products company’s stock valued at $42,741,000 after buying an additional 98,558 shares during the period. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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