Fortune Brands Home & Security Inc (FBHS) Expected to Earn Q1 2018 Earnings of $0.60 Per Share

Fortune Brands Home & Security Inc (NYSE:FBHS) – Research analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Fortune Brands Home & Security in a research note issued on Wednesday. KeyCorp analyst K. Zener anticipates that the industrial products company will post earnings per share of $0.60 for the quarter. KeyCorp also issued estimates for Fortune Brands Home & Security’s Q2 2018 earnings at $1.07 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.93 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $4.00 EPS.

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

A number of other equities analysts have also weighed in on FBHS. Nomura decreased their target price on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Zacks Investment Research lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Barclays decreased their target price on 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. Credit Suisse Group upped their target price on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. upped their target price on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.92.

Fortune Brands Home & Security (NYSE FBHS) opened at $62.44 on Friday. The firm has a market capitalization of $9,480.00, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.33. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.58. Fortune Brands Home & Security has a one year low of $55.59 and a one year high of $73.62.

Several institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its holdings in Fortune Brands Home & Security by 325.8% during the 4th quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 1,489 shares during the period. Toronto Dominion Bank boosted its holdings in Fortune Brands Home & Security by 13.6% during the 4th quarter. Toronto Dominion Bank now owns 66,340 shares of the industrial products company’s stock valued at $4,541,000 after acquiring an additional 7,928 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Fortune Brands Home & Security by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 142,191 shares of the industrial products company’s stock valued at $9,732,000 after acquiring an additional 1,335 shares during the period. Wells Fargo & Company MN boosted its holdings in Fortune Brands Home & Security by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 903,333 shares of the industrial products company’s stock valued at $61,824,000 after acquiring an additional 25,157 shares during the period. Finally, Pinnacle Financial Partners Inc. boosted its holdings in Fortune Brands Home & Security by 9.0% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 10,298 shares of the industrial products company’s stock valued at $705,000 after acquiring an additional 853 shares during the period. Hedge funds and other institutional investors own 87.52% of the company’s stock.

In other news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the transaction, the director now directly owns 21,674 shares in the company, valued at approximately $1,549,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.61% of the stock is currently owned by corporate insiders.

The company 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 of this dividend is Thursday, February 22nd. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. Fortune Brands Home & Security’s dividend payout ratio is 23.61%.

Fortune Brands Home & Security announced that its Board of Directors has authorized a stock repurchase plan 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. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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