$1.04 Earnings Per Share Expected for Fortune Brands Home & Security Inc (FBHS) This Quarter

Equities research analysts predict that Fortune Brands Home & Security Inc (NYSE:FBHS) will post $1.04 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Fortune Brands Home & Security’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.07. Fortune Brands Home & Security reported earnings of $1.00 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The business is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.63 to $3.71. For the next financial year, analysts anticipate that the business will post earnings of $4.02 per share, with EPS estimates ranging from $3.91 to $4.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis.

Several analysts have issued reports on FBHS shares. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, April 8th. Credit Suisse Group restated a “hold” rating and issued a $49.00 target price on shares of Fortune Brands Home & Security in a report on Thursday, February 7th. Loop Capital upped their target price on Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a report on Friday, February 1st. ValuEngine upgraded Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, Barclays cut Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $45.00 to $44.00 in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.20.

In other news, insider David Randich sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total value of $1,060,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brian C. Lantz sold 2,192 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $52.55, for a total value of $115,189.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,247 shares of company stock worth $1,338,571. Corporate insiders own 1.63% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Fortune Brands Home & Security by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,800,992 shares of the industrial products company’s stock worth $371,405,000 after acquiring an additional 217,358 shares in the last quarter. FMR LLC lifted its stake in Fortune Brands Home & Security by 3.8% during the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock worth $148,419,000 after acquiring an additional 114,490 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Fortune Brands Home & Security by 1.1% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,570,569 shares of the industrial products company’s stock worth $122,385,000 after acquiring an additional 28,919 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fortune Brands Home & Security by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 2,028,850 shares of the industrial products company’s stock worth $96,421,000 after acquiring an additional 108,387 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Fortune Brands Home & Security by 24.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,910,128 shares of the industrial products company’s stock worth $90,936,000 after acquiring an additional 370,790 shares in the last quarter. 86.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:FBHS opened at $52.44 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.49 and a quick ratio of 0.90. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.58 and a beta of 1.49. Fortune Brands Home & Security has a 52-week low of $35.27 and a 52-week high of $58.75.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, May 30th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

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 three segments: Cabinets, Plumbing, and Doors & 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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