$1.89 Billion in Sales Expected for Fortune Brands Home & Security, Inc. (NYSE:FBHS) This Quarter

Wall Street analysts expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report sales of $1.89 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fortune Brands Home & Security’s earnings, with estimates ranging from $1.84 billion to $1.91 billion. Fortune Brands Home & Security posted sales of $1.38 billion during the same quarter last year, which would indicate a positive year over year growth rate of 37%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, July 28th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full-year sales of $7.37 billion for the current year, with estimates ranging from $7.29 billion to $7.42 billion. For the next year, analysts forecast that the firm will report sales of $7.82 billion, with estimates ranging from $7.64 billion to $7.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, April 28th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.32. Fortune Brands Home & Security had a net margin of 9.63% and a return on equity of 24.65%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.64 billion.

Several research analysts have commented on FBHS shares. Royal Bank of Canada upped their target price on shares of Fortune Brands Home & Security from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 30th. Truist upped their price target on shares of Fortune Brands Home & Security from $107.00 to $125.00 in a research report on Friday, April 30th. Loop Capital upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, June 22nd. KeyCorp upped their price objective on shares of Fortune Brands Home & Security from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, May 4th. Finally, Wells Fargo & Company assumed coverage on shares of Fortune Brands Home & Security in a research note on Thursday, July 15th. They issued an “equal weight” rating and a $105.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $101.94.

NYSE FBHS traded down $1.42 on Friday, hitting $96.30. The stock had a trading volume of 12,473 shares, compared to its average volume of 721,845. Fortune Brands Home & Security has a one year low of $68.71 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.16 and a current ratio of 1.96. The stock has a market cap of $13.35 billion, a PE ratio of 22.11 and a beta of 1.65. The firm’s 50-day simple moving average is $100.16.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 16th. Stockholders of record on Friday, May 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 27th. Fortune Brands Home & Security’s dividend payout ratio is 24.82%.

In related news, Director Ann F. Hackett sold 1,346 shares of Fortune Brands Home & Security stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $104.43, for a total transaction of $140,562.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Patrick D. Hallinan sold 18,250 shares of Fortune Brands Home & Security stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $107.66, for a total transaction of $1,964,795.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,826 shares of company stock valued at $3,609,873. 1.50% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Ridgecrest Wealth Partners LLC lifted its position in shares of Fortune Brands Home & Security by 31.7% in the second quarter. Ridgecrest Wealth Partners LLC now owns 3,028 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 728 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Fortune Brands Home & Security by 24.7% in the second quarter. IFM Investors Pty Ltd now owns 19,076 shares of the industrial products company’s stock worth $1,900,000 after purchasing an additional 3,780 shares in the last quarter. Pflug Koory LLC bought a new stake in shares of Fortune Brands Home & Security in the second quarter worth $308,000. New Mexico Educational Retirement Board lifted its position in shares of Fortune Brands Home & Security by 2.2% in the second quarter. New Mexico Educational Retirement Board now owns 9,200 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 200 shares in the last quarter. Finally, Paragon Wealth Strategies LLC acquired a new position in Fortune Brands Home & Security during the second quarter worth $80,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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

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