HB Fuller (NYSE:FUL) Posts Earnings Results, Hits Estimates

HB Fuller (NYSE:FUL) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34, MarketWatch Earnings reports. The company had revenue of $647.00 million for the quarter, compared to analyst estimates of $653.02 million. HB Fuller had a return on equity of 12.98% and a net margin of 4.52%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. HB Fuller updated its Q2 2020
After-Hours guidance to EPS.

Shares of HB Fuller stock opened at $27.58 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 1.55. The company has a market cap of $1.39 billion, a PE ratio of 10.94, a P/E/G ratio of 0.88 and a beta of 1.58. The business has a 50 day moving average of $39.67 and a 200 day moving average of $46.65. HB Fuller has a 52 week low of $23.68 and a 52 week high of $52.40.

In related news, VP Timothy J. Keenan sold 4,068 shares of HB Fuller stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $48.74, for a total value of $198,274.32. Following the sale, the vice president now owns 22,472 shares in the company, valued at $1,095,285.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Traci L. Jensen sold 9,255 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.67, for a total transaction of $441,185.85. Following the transaction, the vice president now directly owns 15,706 shares in the company, valued at $748,705.02. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.

A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Citigroup raised shares of HB Fuller from a “sell” rating to a “neutral” rating and raised their price target for the stock from $46.00 to $50.00 in a report on Friday, January 24th. Stifel Nicolaus decreased their price objective on shares of HB Fuller from $57.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet downgraded shares of HB Fuller from a “b-” rating to a “c+” rating in a research note on Thursday, March 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.33.

HB Fuller Company Profile

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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