Media headlines about Fortune Brands Home & Security (NYSE:FBHS) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortune Brands Home & Security earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.0885011854742 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Here’s Why You Should Hold on to Fortune Brands (FBHS) Now (finance.yahoo.com)
- Here's Why You Should Hold on to Fortune Brands (FBHS) Now (finance.yahoo.com)
- Fortune Brands Home & Security (FBHS) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Fortune Brands Home & Security Inc (FBHS) Shares Bought by American International Group Inc. (americanbankingnews.com)
- Amalgamated Bank Has $2.23 Million Stake in Fortune Brands Home & Security Inc (FBHS) (americanbankingnews.com)
A number of equities analysts have recently weighed in on the company. 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 report on Monday, November 13th. Gabelli upgraded 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, February 12th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Monday, February 5th. Barclays dropped their price objective on 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 restated an “outperform” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Fortune Brands Home & Security in a report on Monday, January 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $73.57.
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 for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.73% and a net margin of 8.95%. Fortune Brands Home & Security’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. equities research analysts anticipate that Fortune Brands Home & Security will post 3.63 EPS for the current fiscal year.
Fortune Brands Home & Security declared that its Board of Directors has approved a stock repurchase program on Monday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.61% of the company’s stock.
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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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