Equities Analysts Issue Forecasts for Fortune Brands Home & Security Inc’s Q1 2019 Earnings (FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) – SunTrust Banks raised their Q1 2019 earnings per share estimates for Fortune Brands Home & Security in a note issued to investors on Monday, December 3rd. SunTrust Banks analyst K. Hughes now anticipates that the industrial products company will post earnings per share of $0.63 for the quarter, up from their prior estimate of $0.59. SunTrust Banks currently has a “Hold” rating and a $46.00 target price on the stock. SunTrust Banks also issued estimates for Fortune Brands Home & Security’s FY2019 earnings at $3.80 EPS.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.12). The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion. Fortune Brands Home & Security had a net margin of 7.94% and a return on equity of 20.95%.

Other equities research analysts have also recently issued research reports about the company. Loop Capital lowered their price target on Fortune Brands Home & Security to $59.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Credit Suisse Group set a $57.00 target price on Fortune Brands Home & Security and gave the stock a “buy” rating in a report on Wednesday, October 17th. TheStreet lowered Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Zacks Investment Research lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, Nomura reduced their target price on Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.58.

Shares of NYSE FBHS opened at $42.54 on Thursday. The company has a market capitalization of $5.97 billion, a P/E ratio of 13.81, a PEG ratio of 1.15 and a beta of 1.31. Fortune Brands Home & Security has a 52 week low of $40.89 and a 52 week high of $73.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.30 and a quick ratio of 0.83.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be issued a $0.20 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.88%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 25.97%.

In related news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $51.31, for a total value of $256,550.00. Following the completion of the sale, the director now directly owns 14,142 shares in the company, valued at approximately $725,626.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Robecosam AG lifted its holdings in shares of Fortune Brands Home & Security by 46.6% during the third quarter. Robecosam AG now owns 637,740 shares of the industrial products company’s stock worth $33,934,000 after buying an additional 202,615 shares during the last quarter. Tower Bridge Advisors lifted its holdings in shares of Fortune Brands Home & Security by 12.4% during the third quarter. Tower Bridge Advisors now owns 70,152 shares of the industrial products company’s stock worth $3,673,000 after buying an additional 7,730 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Fortune Brands Home & Security by 43.1% during the second quarter. Arizona State Retirement System now owns 79,155 shares of the industrial products company’s stock worth $4,250,000 after buying an additional 23,848 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Fortune Brands Home & Security during the second quarter worth approximately $2,323,000. Finally, Bank of America Corp DE lifted its holdings in shares of Fortune Brands Home & Security by 17.7% during the second quarter. Bank of America Corp DE now owns 734,818 shares of the industrial products company’s stock worth $39,451,000 after buying an additional 110,464 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

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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