Fortune Brands Home & Security (NYSE:FBHS) Releases FY 2019 Earnings Guidance

Fortune Brands Home & Security (NYSE:FBHS) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.53-3.67 for the period, compared to the Thomson Reuters consensus estimate of $3.66. The company issued revenue guidance of $5.7867805-5.8416315 billion, compared to the consensus revenue estimate of $5.86 billion.Fortune Brands Home & Security also updated its FY19 guidance to $3.53-3.67 EPS.

Fortune Brands Home & Security stock opened at $51.66 on Friday. 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 capitalization of $7.40 billion, a P/E ratio of 15.47, a PEG ratio of 1.56 and a beta of 1.55. Fortune Brands Home & Security has a 12 month low of $35.27 and a 12 month high of $58.21. The company has a 50-day moving average price of $55.30.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be given a $0.22 dividend. The ex-dividend date 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 presently 26.35%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Fortune Brands Home & Security from a buy rating to a hold rating and set a $60.00 price target for the company. in a research note on Monday, July 1st. Royal Bank of Canada increased their price target on Fortune Brands Home & Security to $56.00 and gave the company an outperform rating in a research note on Thursday, April 25th. ValuEngine raised Fortune Brands Home & Security from a sell rating to a hold rating in a research note on Monday, April 29th. SunTrust Banks increased their price target on Fortune Brands Home & Security to $50.00 and gave the company a hold rating in a research note on Thursday, April 25th. Finally, Loop Capital cut 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 note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Fortune Brands Home & Security presently has an average rating of Hold and an average price target of $54.90.

In related news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 11,589 shares of the company’s stock, valued at $657,559.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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.

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

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