Fortune Brands Home & Security (NYSE:FBHS) Issues FY19 Earnings Guidance

Fortune Brands Home & Security (NYSE:FBHS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $3.53-3.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.66. The company issued revenue guidance of ~$5.78-5.84 billion, compared to the consensus revenue estimate of $5.86 billion.Fortune Brands Home & Security also updated its FY 2019 guidance to $3.53-3.67 EPS.

NYSE:FBHS traded down $1.27 during mid-day trading on Friday, hitting $51.66. The stock had a trading volume of 2,725,345 shares, compared to its average volume of 1,264,350. Fortune Brands Home & Security has a twelve month low of $35.27 and a twelve month high of $58.21. The firm has a market cap of $7.40 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.55. The stock has a 50 day simple moving average of $55.30. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.90 and a current ratio of 1.49.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 22.12%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $1.00 EPS. Fortune Brands Home & Security’s revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Fortune Brands Home & Security will post 3.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.88 annualized dividend and a yield of 1.70%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

Several brokerages have issued reports on FBHS. SunTrust Banks raised their price objective on shares of Fortune Brands Home & Security to $50.00 and gave the stock a hold rating in a research report on Thursday, April 25th. TheStreet upgraded shares of Fortune Brands Home & Security from a c+ rating to a b- rating in a research report on Friday, June 28th. Royal Bank of Canada raised their price objective on shares of Fortune Brands Home & Security to $56.00 and gave the stock an outperform rating in a research report on Thursday, April 25th. Loop Capital downgraded shares of Fortune Brands Home & Security from a hold rating to a sell rating and set a $50.00 price objective for the company. in a research report on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of Fortune Brands Home & Security from a sell rating to a hold rating in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $54.90.

In other news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $56.74, for a total transaction of $283,700.00. Following the transaction, the director now directly owns 11,589 shares of the company’s stock, valued at $657,559.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian C. Lantz sold 3,055 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total transaction of $163,381.40. The disclosure for this sale can be found here. Company insiders own 1.63% 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 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.

Featured Article: What is Net Asset Value (NAV)?

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

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.