H.B. Fuller (NYSE:FUL) Releases FY 2024 Earnings Guidance

H.B. Fuller (NYSE:FUL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.100-4.200 for the period, compared to the consensus earnings per share estimate of 4.370. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion. H.B. Fuller also updated its FY24 guidance to $4.10-4.20 EPS.

H.B. Fuller Stock Down 1.7 %

H.B. Fuller stock opened at $80.68 on Thursday. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.16 and a current ratio of 1.89. H.B. Fuller has a fifty-two week low of $64.64 and a fifty-two week high of $87.67. The stock’s fifty day moving average is $81.79 and its two-hundred day moving average is $79.58.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. The firm had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. Analysts predict that H.B. Fuller will post 4.4 EPS for the current fiscal year.

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 $0.2225 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 1.10%. H.B. Fuller’s dividend payout ratio is currently 30.38%.

Wall Street Analyst Weigh In

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

Insider Activity at H.B. Fuller

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

About H.B. Fuller

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.