Media stories about Fortune Brands Home & Security (NYSE:FBHS) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fortune Brands Home & Security earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.8669093960139 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several equities analysts recently issued reports on the company. Gabelli upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Monday, February 5th. Barclays decreased their price target on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Nomura reduced their target price on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $80.00 target price (up previously from $74.00) on shares of Fortune Brands Home & Security in a research note on Monday, January 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Hold” and an average target price of $73.31.
Fortune Brands Home & Security (FBHS) traded down $0.21 during mid-day trading on Tuesday, hitting $62.94. The stock had a trading volume of 208,818 shares, compared to its average volume of 1,554,973. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. Fortune Brands Home & Security has a 1-year low of $56.19 and a 1-year high of $73.62. The firm has a market cap of $9,367.63, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33.
Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. equities analysts forecast that Fortune Brands Home & Security will post 3.63 earnings per share for the current year.
Fortune Brands Home & Security declared that its board has authorized a share repurchase plan on Monday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be given a $0.20 dividend. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortune Brands Home & Security’s dividend payout ratio is presently 23.53%.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the transaction, the director now directly owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.61% of the company’s stock.
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Fortune Brands Home & Security Company Profile
Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.
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