Fortune Brands Home & Security Inc (NYSE:FBHS) Forecasted to Post FY2018 Earnings of $3.60 …

Fortune Brands Home & Security Inc (NYSE:FBHS) – Equities research analysts at Gabelli boosted their FY2018 EPS estimates for Fortune Brands Home & Security in a note issued to investors on Friday, according to Zacks Investment Research. Gabelli analyst A. Lacayo now expects that the industrial products company will post earnings of $3.60 per share for the year, up from their prior estimate of $3.45. Gabelli has a “Buy” rating and a $78.00 price target on the stock. Gabelli also issued estimates for Fortune Brands Home & Security’s FY2019 earnings at $4.05 EPS, FY2020 earnings at $4.45 EPS, FY2021 earnings at $4.85 EPS and FY2022 earnings at $5.20 EPS.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Monday, February 5th. Barclays dropped their price target on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Nomura dropped their price target on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Credit Suisse Group restated an “outperform” rating and issued a $80.00 price target (up previously from $74.00) on shares of Fortune Brands Home & Security in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada dropped their price target on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight 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 $73.31.

Shares of Fortune Brands Home & Security (FBHS) traded down $0.34 during trading on Monday, hitting $62.81. The stock had a trading volume of 494,248 shares, compared to its average volume of 1,569,125. Fortune Brands Home & Security has a one year low of $56.19 and a one year high of $73.62. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a market cap of $9,367.63, a PE ratio of 20.64, a P/E/G ratio of 1.40 and a beta of 1.33.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Fortune Brands Home & Security had a return on equity of 18.73% and a net margin of 8.95%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 6.2% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of FBHS. Chicago Partners Investment Group LLC acquired a new position in Fortune Brands Home & Security in the 3rd quarter valued at $117,000. Cerebellum GP LLC acquired a new position in Fortune Brands Home & Security in the 4th quarter valued at $127,000. Pinebridge Investments L.P. grew its holdings in Fortune Brands Home & Security by 325.8% in the 4th quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,489 shares in the last quarter. Bessemer Group Inc. grew its holdings in Fortune Brands Home & Security by 1,169.9% in the 4th quarter. Bessemer Group Inc. now owns 1,943 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,790 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Fortune Brands Home & Security by 18,835.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the industrial products company’s stock valued at $182,000 after buying an additional 2,637 shares in the last quarter. 87.04% of the stock is currently owned by hedge funds and other institutional investors.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $71.50, for a total value of $357,500.00. Following the transaction, the director now directly owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.61% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 22nd. Fortune Brands Home & Security’s dividend payout ratio is currently 23.53%.

Fortune Brands Home & Security announced that its board has initiated a stock repurchase program on Monday, December 11th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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