Fortune Brands Home & Security (NYSE:FBHS) Posts Earnings Results, Hits Expectations

Fortune Brands Home & Security (NYSE:FBHS) released its quarterly earnings results on Thursday. The industrial products company reported $1.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.03, Bloomberg Earnings reports. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 22.12%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Fortune Brands Home & Security updated its FY 2019 guidance to $3.53-3.67 EPS and its FY19 guidance to $3.53-3.67 EPS.

FBHS traded down $1.27 during trading on Friday, hitting $51.66. 2,725,345 shares of the stock traded hands, 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 P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.55. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.90 and a current ratio of 1.49. The business’s 50 day moving average is $55.30.

The company 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 is currently 26.35%.

In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 3,055 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.48, for a total transaction of $163,381.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the sale, the director now directly owns 11,589 shares in the company, valued at approximately $657,559.86. The disclosure for this sale can be found here. 1.63% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC grew its stake in shares of Fortune Brands Home & Security by 1.3% in the second quarter. Gabelli Funds LLC now owns 468,000 shares of the industrial products company’s stock worth $26,737,000 after purchasing an additional 6,000 shares during the last quarter. Jacobsen Capital Management bought a new stake in shares of Fortune Brands Home & Security in the second quarter worth $574,000. Icon Advisers Inc. Co. grew its stake in shares of Fortune Brands Home & Security by 608.8% in the second quarter. Icon Advisers Inc. Co. now owns 248,800 shares of the industrial products company’s stock worth $14,214,000 after purchasing an additional 213,700 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Fortune Brands Home & Security by 17.1% in the second quarter. Envestnet Asset Management Inc. now owns 87,866 shares of the industrial products company’s stock worth $5,020,000 after purchasing an additional 12,801 shares during the last quarter. Finally, Kavar Capital Partners LLC bought a new stake in shares of Fortune Brands Home & Security in the second quarter worth $39,000. 87.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. SunTrust Banks lifted their price target on shares of Fortune Brands Home & Security to $50.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Barclays downgraded shares of Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $45.00 to $44.00 in a research report on Thursday, April 11th. Loop Capital downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research report on Tuesday, July 2nd. ValuEngine upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average price target of $54.90.

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.

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

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