Fortune Brands Home & Security Inc to Post Q1 2018 Earnings of $0.65 Per Share, Jefferies Group …

Fortune Brands Home & Security Inc (NYSE:FBHS) – Investment analysts at Jefferies Group boosted their Q1 2018 earnings estimates for shares of Fortune Brands Home & Security in a research note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst P. Ng now anticipates that the industrial products company will post earnings per share of $0.65 for the quarter, up from their previous forecast of $0.57. Jefferies Group also issued estimates for Fortune Brands Home & Security’s Q3 2018 earnings at $1.07 EPS, FY2018 earnings at $3.88 EPS and FY2019 earnings at $4.41 EPS.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS.

Several other research firms have also weighed in on FBHS. Credit Suisse Group reaffirmed an “outperform” rating and set a $80.00 target price (up from $74.00) on shares of Fortune Brands Home & Security in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Citigroup lifted their target price on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and issued a $72.00 price target on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Finally, Barclays dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.31.

Fortune Brands Home & Security (NYSE FBHS) traded up $1.44 during trading hours on Friday, hitting $63.15. 3,198,096 shares of the stock traded hands, compared to its average volume of 1,606,731. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77. The stock has a market cap of $9,367.63, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. Fortune Brands Home & Security has a 52-week low of $56.19 and a 52-week high of $73.62.

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

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

In related news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the sale, the director now owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.61% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FBHS. Federated Investors Inc. PA boosted its stake in Fortune Brands Home & Security by 5.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,852 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 211 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Fortune Brands Home & Security by 0.6% during the second quarter. Neuberger Berman Group LLC now owns 11,346 shares of the industrial products company’s stock worth $740,000 after buying an additional 64 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Fortune Brands Home & Security by 15.4% during the second quarter. Alliancebernstein L.P. now owns 347,625 shares of the industrial products company’s stock worth $22,679,000 after buying an additional 46,476 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after buying an additional 23 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of Fortune Brands Home & Security during the second quarter worth about $201,000. 87.04% of the stock is currently owned by institutional investors.

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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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