Brokerages Anticipate HB Fuller Co (NYSE:FUL) Will Post Earnings of $0.89 Per Share

Wall Street analysts predict that HB Fuller Co (NYSE:FUL) will report $0.89 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for HB Fuller’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.85. HB Fuller also reported earnings per share of $0.89 in the same quarter last year. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, June 26th.

According to Zacks, analysts expect that HB Fuller will report full-year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.20 to $3.37. For the next financial year, analysts expect that the company will post earnings of $3.97 per share, with EPS estimates ranging from $3.60 to $4.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for HB Fuller.

HB Fuller (NYSE:FUL) last announced its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $673.00 million during the quarter, compared to the consensus estimate of $697.64 million. HB Fuller had a net margin of 4.52% and a return on equity of 13.53%. HB Fuller’s revenue for the quarter was down 5.6% on a year-over-year basis.



Several brokerages have weighed in on FUL. Zacks Investment Research downgraded shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. downgraded shares of HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 target price for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. ValuEngine downgraded shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Finally, TheStreet downgraded shares of HB Fuller from a “b-” rating to a “c+” rating in a research note on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.97.

FUL traded up $0.12 during trading on Tuesday, hitting $44.94. The stock had a trading volume of 6,673 shares, compared to its average volume of 256,485. The stock has a market cap of $2.27 billion, a P/E ratio of 14.95, a PEG ratio of 1.13 and a beta of 1.52. HB Fuller has a twelve month low of $39.22 and a twelve month high of $59.58. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 1.83. The business’s 50 day simple moving average is $43.61.

In other news, VP Heather Campe sold 11,457 shares of HB Fuller stock in a transaction on Friday, April 5th. The shares were sold at an average price of $50.36, for a total transaction of $576,974.52. Following the completion of the sale, the vice president now directly owns 20,644 shares in the company, valued at $1,039,631.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.46% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in HB Fuller during the first quarter valued at $27,000. Investors Research Corp acquired a new position in HB Fuller during the first quarter valued at $58,000. Advisor Group Inc. lifted its position in HB Fuller by 52.8% during the fourth quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 517 shares during the period. Strs Ohio lifted its position in HB Fuller by 92.3% during the first quarter. Strs Ohio now owns 2,500 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 1,200 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in HB Fuller by 16.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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