HB Fuller (NYSE:FUL) Announces Earnings Results, Misses Expectations By $0.01 EPS

HB Fuller (NYSE:FUL) announced its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01), RTT News reports. HB Fuller had a net margin of 4.31% and a return on equity of 13.41%. The company had revenue of $759.60 million during the quarter, compared to analysts’ expectations of $779.07 million. During the same period last year, the firm earned $0.89 earnings per share. HB Fuller’s revenue was down 3.8% on a year-over-year basis. HB Fuller updated its FY 2019 guidance to $3.10-3.30 EPS and its FY19 guidance to $3.10-3.30 EPS.

Shares of NYSE:FUL opened at $45.94 on Friday. The company has a 50-day simple moving average of $43.42. HB Fuller has a one year low of $39.22 and a one year 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 stock has a market capitalization of $2.29 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.14 and a beta of 1.52.

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

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

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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Earnings History for HB Fuller (NYSE:FUL)

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