Fortune Brands Home & Security Inc (NYSE:FBHS) to Post Q1 2019 Earnings of $0.58 Per Share, Jefferies Financial Group Forecasts

Fortune Brands Home & Security Inc (NYSE:FBHS) – Equities researchers at Jefferies Financial Group lowered their Q1 2019 earnings per share (EPS) estimates for shares of Fortune Brands Home & Security in a research report issued on Thursday, April 18th, Zacks Investment Research reports. Jefferies Financial Group analyst P. Ng now anticipates that the industrial products company will earn $0.58 per share for the quarter, down from their prior forecast of $0.60. Jefferies Financial Group also issued estimates for Fortune Brands Home & Security’s FY2019 earnings at $3.63 EPS and FY2020 earnings at $4.10 EPS.

Several other research firms also recently commented on FBHS. Royal Bank of Canada upped their price objective on Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. SunTrust Banks upped their price objective on Fortune Brands Home & Security to $50.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Credit Suisse Group set a $49.00 price objective on Fortune Brands Home & Security and gave the company a “buy” rating in a research note on Friday, January 11th. Finally, Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $64.00 in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Fortune Brands Home & Security currently has an average rating of “Hold” and a consensus target price of $54.20.

FBHS traded up $0.13 on Friday, hitting $54.15. 1,137,685 shares of the company traded hands, compared to its average volume of 1,787,078. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 1.03. The company has a market cap of $7.57 billion, a PE ratio of 16.21, a P/E/G ratio of 1.60 and a beta of 1.49. Fortune Brands Home & Security has a 12-month low of $35.27 and a 12-month high of $58.75.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. Fortune Brands Home & Security had a return on equity of 22.33% and a net margin of 7.18%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.56 EPS. Fortune Brands Home & Security’s revenue for the quarter was up 5.8% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.63%. Fortune Brands Home & Security’s payout ratio is currently 26.35%.

In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 3,055 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.48, for a total transaction of $163,381.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Danny Luburic sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total transaction of $93,920.00. The disclosure for this sale can be found here. In the last three months, insiders sold 27,247 shares of company stock worth $1,432,491. 1.63% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of FBHS. JPMorgan Chase & Co. grew its position in Fortune Brands Home & Security by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 7,800,992 shares of the industrial products company’s stock valued at $371,405,000 after buying an additional 217,358 shares during the period. FMR LLC raised its stake in Fortune Brands Home & Security by 44.9% in the fourth quarter. FMR LLC now owns 3,002,891 shares of the industrial products company’s stock valued at $114,079,000 after buying an additional 929,793 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Fortune Brands Home & Security by 1.1% in the first quarter. Pictet Asset Management Ltd. now owns 2,570,569 shares of the industrial products company’s stock valued at $122,385,000 after buying an additional 28,919 shares during the last quarter. Geode Capital Management LLC raised its stake in Fortune Brands Home & Security by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after buying an additional 131,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Fortune Brands Home & Security by 24.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,910,128 shares of the industrial products company’s stock valued at $90,936,000 after buying an additional 370,790 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About Fortune Brands Home & Security

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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