Zacks: Analysts Expect Fortune Brands Home & Security, Inc. (NYSE:FBHS) to Post $1.34 EPS


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Equities research analysts predict that Fortune Brands Home & Security, Inc. (NYSE:FBHS) will post $1.34 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Fortune Brands Home & Security’s earnings. The lowest EPS estimate is $1.23 and the highest is $1.47. Fortune Brands Home & Security posted earnings per share of $0.94 in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.6%. The business is expected to issue its next quarterly earnings report on Wednesday, August 4th.

On average, analysts expect that Fortune Brands Home & Security will report full year earnings of $5.20 per share for the current fiscal year, with EPS estimates ranging from $4.98 to $5.63. For the next financial year, analysts anticipate that the company will report earnings of $5.71 per share, with EPS estimates ranging from $5.41 to $6.27. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover 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 for the quarter, topping the consensus estimate of $1.04 by $0.32. Fortune Brands Home & Security had a net margin of 8.36% and a return on equity of 22.37%.

Several analysts have recently commented on FBHS shares. Royal Bank of Canada increased their price target on shares of Fortune Brands Home & Security from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday. Barclays increased their price target on shares of Fortune Brands Home & Security from $75.00 to $84.00 and gave the company an “underweight” rating in a research report on Wednesday, February 3rd. Truist Securities increased their price target on shares of Fortune Brands Home & Security from $107.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets started coverage on shares of Fortune Brands Home & Security in a research report on Wednesday, January 13th. They issued an “outperform” rating and a $102.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of Fortune Brands Home & Security in a research report on Monday, March 22nd. They issued an “outperform” rating and a $99.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $95.50.

Shares of FBHS stock traded up $0.19 during trading hours on Thursday, hitting $107.92. The company’s stock had a trading volume of 19,873 shares, compared to its average volume of 878,883. The business has a fifty day moving average of $98.08 and a 200-day moving average of $89.25. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 1.91 and a beta of 1.66. Fortune Brands Home & Security has a twelve month low of $47.50 and a twelve month high of $108.32. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Friday, May 28th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Fortune Brands Home & Security’s dividend payout ratio is presently 28.89%.

In other news, insider Cheri M. Phyfer sold 3,348 shares of the firm’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $89.60, for a total value of $299,980.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.45% of the company’s stock.

Several hedge funds have recently modified their holdings of FBHS. Cutler Group LP grew its holdings in Fortune Brands Home & Security by 115.0% during the 4th quarter. Cutler Group LP now owns 300 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 2,300 shares in the last quarter. Veritas Investment Partners UK Ltd. acquired a new stake in Fortune Brands Home & Security during the 4th quarter valued at $30,000. Montag A & Associates Inc. acquired a new stake in Fortune Brands Home & Security during the 4th quarter valued at $34,000. ADE LLC acquired a new stake in Fortune Brands Home & Security during the 4th quarter valued at $34,000. Finally, Bessemer Group Inc. grew its holdings in Fortune Brands Home & Security by 218.1% during the 4th quarter. Bessemer Group Inc. now owns 404 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 277 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors and hedge funds.

About Fortune Brands Home & Security

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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