Fortune Brands Home & Security Inc (NYSE:FBHS) to Post Q1 2021 Earnings of $0.79 Per Share, SunTrust Banks Forecasts

Fortune Brands Home & Security Inc (NYSE:FBHS) – Research analysts at SunTrust Banks issued their Q1 2021 earnings per share (EPS) estimates for Fortune Brands Home & Security in a research report issued on Wednesday, February 12th. SunTrust Banks analyst K. Hughes anticipates that the industrial products company will earn $0.79 per share for the quarter. SunTrust Banks has a “Buy” rating and a $75.00 price target on the stock. SunTrust Banks also issued estimates for Fortune Brands Home & Security’s Q2 2021 earnings at $1.22 EPS, Q3 2021 earnings at $1.17 EPS, Q4 2021 earnings at $1.17 EPS and FY2021 earnings at $4.34 EPS.

Other research analysts have also recently issued reports about the company. Barclays reissued a “sell” rating and issued a $61.00 target price on shares of Fortune Brands Home & Security in a research note on Thursday, December 19th. Goldman Sachs Group began coverage on Fortune Brands Home & Security in a research report on Friday, December 6th. They set a “buy” rating and a $74.00 price target on the stock. Nomura increased their price target on Fortune Brands Home & Security from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Loop Capital raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating and increased their price target for the stock from $45.00 to $72.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada downgraded Fortune Brands Home & Security from an “outperform” rating to a “sector perform” rating and set a $67.00 price target on the stock. in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Fortune Brands Home & Security currently has an average rating of “Hold” and a consensus target price of $69.00.

NYSE:FBHS traded up $0.19 on Friday, reaching $72.83. The company’s stock had a trading volume of 22,440 shares, compared to its average volume of 1,298,513. Fortune Brands Home & Security has a 1-year low of $44.79 and a 1-year high of $73.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 1.35. The firm has a market cap of $9.98 billion, a PE ratio of 23.80, a PEG ratio of 1.84 and a beta of 1.54. The business’s 50-day moving average price is $68.44 and its two-hundred day moving average price is $60.20.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, January 29th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Fortune Brands Home & Security had a return on equity of 21.74% and a net margin of 7.49%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, February 27th. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.22. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.44%.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $64.60, for a total value of $3,230,000.00. Company insiders own 1.63% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of Fortune Brands Home & Security by 102.4% in the 4th quarter. UBS Group AG now owns 484,258 shares of the industrial products company’s stock valued at $31,641,000 after acquiring an additional 245,026 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Fortune Brands Home & Security by 14.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 35,724 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 4,414 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Fortune Brands Home & Security by 11.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 81,822 shares of the industrial products company’s stock worth $5,346,000 after purchasing an additional 8,578 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Fortune Brands Home & Security by 13.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,082,907 shares of the industrial products company’s stock worth $70,757,000 after purchasing an additional 126,382 shares during the last quarter. Finally, Wealthspire Advisors L.P. bought a new position in Fortune Brands Home & Security during the 4th quarter worth $255,000. 86.98% of the stock is currently owned by hedge funds and other institutional investors.

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 three segments: Cabinets, Plumbing, and Doors & 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.

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

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