Fortune Brands Home & Security Inc (NYSE:FBHS) – Investment analysts at Jefferies Group cut their Q1 2018 earnings estimates for Fortune Brands Home & Security in a research report issued on Friday, according to Zacks Investment Research. Jefferies Group analyst P. Ng now expects that the industrial products company will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.64. Jefferies Group also issued estimates for Fortune Brands Home & Security’s Q2 2018 earnings at $1.07 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $3.63 EPS and FY2019 earnings at $4.12 EPS.
Several other brokerages have also recently commented on FBHS. Gabelli raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Citigroup boosted their price target on Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Nomura decreased their target price on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Fortune Brands Home & Security has an average rating of “Hold” and a consensus target price of $73.31.
Shares of Fortune Brands Home & Security (NYSE FBHS) traded down $0.21 during midday trading on Monday, hitting $62.87. The company had a trading volume of 84,398 shares, compared to its average volume of 1,545,744. The company has a market cap of $9,580.00, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.44 and a beta of 1.33. Fortune Brands Home & Security has a 1-year low of $56.33 and a 1-year high of $73.62. 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 (NYSE:FBHS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.73% and a net margin of 8.95%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS.
Fortune Brands Home & Security declared that its Board of Directors has approved a share repurchase program on Monday, December 11th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s dividend payout ratio is presently 23.61%.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the sale, the director now owns 21,674 shares of the company’s stock, valued at $1,549,691. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of FBHS. Chicago Partners Investment Group LLC acquired a new position in shares of Fortune Brands Home & Security during the third quarter worth approximately $117,000. Cerebellum GP LLC acquired a new position in shares of Fortune Brands Home & Security during the fourth quarter worth approximately $127,000. Pinebridge Investments L.P. lifted its holdings in shares of Fortune Brands Home & Security by 325.8% during the fourth quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock worth $133,000 after buying an additional 1,489 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Fortune Brands Home & Security by 1,169.9% during the fourth quarter. Bessemer Group Inc. now owns 1,943 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,790 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Fortune Brands Home & Security by 18,835.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the industrial products company’s stock worth $182,000 after buying an additional 2,637 shares during the last quarter. Institutional investors own 87.04% of the company’s stock.
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About Fortune Brands Home & Security
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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