Q2 2018 EPS Estimates for Fortune Brands Home & Security Inc (NYSE:FBHS) Lifted by SunTrust …

Fortune Brands Home & Security Inc (NYSE:FBHS) – SunTrust Banks raised their Q2 2018 earnings estimates for Fortune Brands Home & Security in a research note issued on Thursday, according to Zacks Investment Research. SunTrust Banks analyst K. Hughes now anticipates that the industrial products company will post earnings per share of $1.08 for the quarter, up from their prior forecast of $1.01. SunTrust Banks has a “Hold” rating and a $63.00 price target on the stock.

A number of other equities analysts also recently weighed in on FBHS. Nomura lowered their target price on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Gabelli upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Monday, February 5th. Barclays lowered their target price on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Credit Suisse Group boosted their target price on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $73.31.

Shares of Fortune Brands Home & Security (NYSE FBHS) traded down $0.32 on Monday, reaching $62.83. 486,882 shares of the company were exchanged, compared to its average volume of 1,569,125. The firm has a market capitalization of $9,367.63, a P/E 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 fifty-two week low of $56.19 and a fifty-two week high of $73.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77.

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

The business 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 is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortune Brands Home & Security’s payout ratio is currently 23.53%.

Fortune Brands Home & Security announced that its Board of Directors has initiated a share buyback plan on Monday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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 shares were 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 in the company, valued at $1,549,691. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.61% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in FBHS. Profund Advisors LLC increased its holdings in shares of Fortune Brands Home & Security by 1.1% in the second quarter. Profund Advisors LLC now owns 3,880 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 42 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Fortune Brands Home & Security by 4.4% in the second quarter. Nordea Investment Management AB now owns 6,598 shares of the industrial products company’s stock valued at $430,000 after purchasing an additional 277 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Fortune Brands Home & Security by 36.5% in the second quarter. Advisor Group Inc. now owns 4,293 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 1,149 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Fortune Brands Home & Security by 18.3% in the second quarter. Parametric Portfolio Associates LLC now owns 220,839 shares of the industrial products company’s stock valued at $14,408,000 after acquiring an additional 34,153 shares during the period. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Fortune Brands Home & Security in the second quarter valued at about $388,000. Hedge funds and other institutional investors own 87.04% of the company’s stock.

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About Fortune Brands Home & Security

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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