H.B. Fuller (NYSE:FUL) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS

H.B. Fuller (NYSE:FUL) announced its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.10), Briefing.com reports. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm had revenue of $917.93 million during the quarter, compared to analysts’ expectations of $944.04 million. During the same period last year, the business posted $1.06 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. H.B. Fuller updated its FY 2024 guidance to 4.100-4.200 EPS and its FY24 guidance to $4.10-4.20 EPS.

H.B. Fuller Price Performance

Shares of FUL traded down $0.65 during trading hours on Friday, reaching $80.09. 576,928 shares of the company’s stock traded hands, compared to its average volume of 308,493. The stock has a market cap of $4.37 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. The firm’s 50 day simple moving average is $81.73 and its 200-day simple moving average is $79.59. H.B. Fuller has a 12 month low of $64.64 and a 12 month high of $87.67.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, July 31st. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.22. H.B. Fuller’s dividend payout ratio (DPR) is 30.38%.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of H.B. Fuller stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $82.66, for a total value of $1,958,711.36. Following the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.