Fortune Brands Home & Security Inc (FBHS) Forecasted to Earn FY2019 Earnings of $3.95 Per Share

Fortune Brands Home & Security Inc (NYSE:FBHS) – Equities research analysts at Gabelli lowered their FY2019 earnings estimates for shares of Fortune Brands Home & Security in a report released on Monday, October 29th. Gabelli analyst A. Lacayo now anticipates that the industrial products company will post earnings per share of $3.95 for the year, down from their prior estimate of $4.15. Gabelli also issued estimates for Fortune Brands Home & Security’s FY2020 earnings at $4.30 EPS, FY2021 earnings at $4.65 EPS and FY2022 earnings at $4.95 EPS.

Several other equities analysts have also issued reports on FBHS. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday. Loop Capital reduced their price objective on Fortune Brands Home & Security to $59.00 and set a “buy” rating for the company in a report on Thursday, October 25th. TheStreet downgraded Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a report on Friday, October 26th. SunTrust Banks reduced their price objective on Fortune Brands Home & Security to $46.00 and set a “hold” rating for the company in a report on Friday, October 26th. Finally, Macquarie reduced their price objective on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, September 6th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $61.58.



FBHS opened at $45.01 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $6.29 billion, a PE ratio of 14.61, a P/E/G ratio of 1.18 and a beta of 1.22. Fortune Brands Home & Security has a 1 year low of $40.89 and a 1 year high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.12). The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%.

Institutional investors have recently added to or reduced their stakes in the business. Fort L.P. bought a new stake in shares of Fortune Brands Home & Security during the 2nd quarter valued at about $117,000. O Brien Wealth Partners LLC bought a new stake in shares of Fortune Brands Home & Security during the 3rd quarter valued at about $126,000. First Manhattan Co. grew its stake in shares of Fortune Brands Home & Security by 136.4% during the 3rd quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 1,500 shares during the period. Ironwood Investment Management LLC bought a new position in shares of Fortune Brands Home & Security during the 2nd quarter valued at approximately $205,000. Finally, Global X Management Co LLC grew its stake in shares of Fortune Brands Home & Security by 62.8% during the 2nd quarter. Global X Management Co LLC now owns 4,188 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 1,616 shares during the period. Institutional investors and hedge funds own 85.38% of the company’s stock.

In related news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $51.31, for a total value of $256,550.00. Following the completion of the sale, the director now directly owns 14,142 shares in the company, valued at approximately $725,626.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is currently owned by company insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be issued a $0.20 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.78%. Fortune Brands Home & Security’s payout ratio is 25.97%.

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 four segments: Cabinets, Plumbing, Doors, and 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.

Further Reading: What is the Ex-Dividend Date in Investing?

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

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