$0.59 Earnings Per Share Expected for Fortune Brands Home & Security (FBHS) This Quarter

Wall Street brokerages expect Fortune Brands Home & Security (NYSE:FBHS) to report earnings per share of $0.59 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Fortune Brands Home & Security’s earnings, with estimates ranging from $0.58 to $0.60. Fortune Brands Home & Security reported earnings per share of $0.53 in the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.60 to $3.67. For the next financial year, analysts anticipate that the company will report earnings of $4.03 per share, with EPS estimates ranging from $3.95 to $4.12. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Fortune Brands Home & Security.

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Fortune Brands Home & Security (NYSE:FBHS) last released its 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 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 business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS.

FBHS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Thursday, January 11th. Loop Capital initiated coverage on shares of Fortune Brands Home & Security in a research note on Thursday, March 1st. They issued a “buy” rating and a $77.00 price objective for the company. Gabelli upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, February 12th. Barclays dropped their price objective on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Nomura dropped their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and a consensus price target of $73.00.

In related news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $57.43, for a total transaction of $287,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.71% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new stake in Fortune Brands Home & Security during the 3rd quarter worth about $117,000. Captrust Financial Advisors bought a new stake in Fortune Brands Home & Security during the 4th quarter worth about $122,000. Cerebellum GP LLC bought a new stake in Fortune Brands Home & Security during the 4th quarter worth about $127,000. Pinebridge Investments L.P. grew its holdings in Fortune Brands Home & Security by 325.8% during the 4th quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Fortune Brands Home & Security by 1,169.9% during the 4th quarter. Bessemer Group Inc. now owns 1,943 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 88.23% of the company’s stock.

Shares of FBHS stock traded up $0.16 during mid-day trading on Monday, reaching $57.26. The company’s stock had a trading volume of 2,561,429 shares, compared to its average volume of 1,606,955. Fortune Brands Home & Security has a 1-year low of $56.57 and a 1-year high of $73.62. The stock has a market cap of $8,676.37, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.30 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77.

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Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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