HB Fuller (NYSE:FUL) Releases Earnings Results, Hits Expectations

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

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

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

FUL has been the subject of a number of research reports. Deutsche Bank lifted their target price on HB Fuller from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Stifel Nicolaus decreased their target price on HB Fuller from $57.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup upgraded HB Fuller from a “sell” rating to a “neutral” rating and lifted their price target for the company from $46.00 to $50.00 in a research report on Friday, January 24th. Seaport Global Securities reiterated a “buy” rating on shares of HB Fuller in a research report on Tuesday, January 21st. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. HB Fuller 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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