Zacks: Analysts Expect Fortune Brands Home & Security Inc (FBHS) Will Post Quarterly Sales of $1.38 Billion

Analysts expect that Fortune Brands Home & Security Inc (NYSE:FBHS) will announce sales of $1.38 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Fortune Brands Home & Security’s earnings, with estimates ranging from $1.37 billion to $1.40 billion. Fortune Brands Home & Security posted sales of $1.30 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The company is scheduled to issue its next earnings results on Tuesday, January 30th.

On average, analysts expect that Fortune Brands Home & Security will report full-year sales of $1.38 billion for the current fiscal year, with estimates ranging from $5.27 billion to $5.30 billion. For the next financial year, analysts forecast that the company will report sales of $5.62 billion per share, with estimates ranging from $5.58 billion to $5.66 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share.

A number of analysts have recently issued reports on the company. Credit Suisse Group lifted their target price on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Fortune Brands Home & Security in a research report on Thursday, October 12th. Royal Bank of Canada dropped their target price on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. SunTrust Banks reaffirmed a “hold” rating and set a $63.00 target price on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. Finally, BidaskClub lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $71.17.

Fortune Brands Home & Security (FBHS) opened at $67.69 on Wednesday. The company has a market capitalization of $10,082.61, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.07 and a beta of 1.42. Fortune Brands Home & Security has a one year low of $53.15 and a one year high of $69.61. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, February 22nd. 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 1.18%. Fortune Brands Home & Security’s payout ratio is currently 24.83%.

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

In other news, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total transaction of $5,706,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.61% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FBHS. Global X Management Co. LLC increased its holdings in shares of Fortune Brands Home & Security by 13.2% in the second quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock valued at $156,000 after buying an additional 279 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Fortune Brands Home & Security by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 703,429 shares of the industrial products company’s stock valued at $45,892,000 after buying an additional 48,053 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Fortune Brands Home & Security by 213.5% in the second quarter. First Trust Advisors LP now owns 210,306 shares of the industrial products company’s stock valued at $13,720,000 after buying an additional 143,218 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Fortune Brands Home & Security by 22.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,548 shares of the industrial products company’s stock valued at $1,060,000 after buying an additional 2,816 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Fortune Brands Home & Security by 30.9% in the second quarter. State of Wisconsin Investment Board now owns 134,484 shares of the industrial products company’s stock valued at $8,774,000 after buying an additional 31,770 shares in the last quarter. 87.23% 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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