Gabelli Comments on Fortune Brands Home & Security Inc’s FY2021 Earnings (FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) – Equities research analysts at Gabelli lowered their FY2021 earnings per share (EPS) estimates for shares of Fortune Brands Home & Security in a research note issued to investors on Tuesday, February 12th. Gabelli analyst A. Lacayo now expects that the industrial products company will earn $4.25 per share for the year, down from their previous forecast of $4.35. Gabelli also issued estimates for Fortune Brands Home & Security’s FY2022 earnings at $4.55 EPS.

A number of other equities analysts also recently issued reports on the company. ValuEngine raised Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Credit Suisse Group reissued a “hold” rating and set a $49.00 price target on shares of Fortune Brands Home & Security in a research report on Thursday, February 7th. Loop Capital increased their price target on Fortune Brands Home & Security to $44.00 and gave the stock a “hold” rating in a research report on Friday, February 1st. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, Evercore ISI raised Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.91.

FBHS opened at $47.04 on Wednesday. Fortune Brands Home & Security has a 12-month low of $35.27 and a 12-month high of $64.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 1.13. The firm has a market cap of $6.47 billion, a PE ratio of 14.08, a PEG ratio of 1.34 and a beta of 1.45.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.08). Fortune Brands Home & Security had a return on equity of 21.91% and a net margin of 7.10%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.46 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Friday, February 22nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $0.88 dividend on an annualized basis and a yield of 1.87%. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.20. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 23.95%.

In related news, VP Danny Luburic sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total transaction of $93,920.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.71% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of FBHS. Capital Investment Advisory Services LLC bought a new stake in Fortune Brands Home & Security during the fourth quarter valued at about $32,000. JOYN Advisors Inc. boosted its position in Fortune Brands Home & Security by 196.5% during the fourth quarter. JOYN Advisors Inc. now owns 836 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 554 shares in the last quarter. Doyle Wealth Management bought a new stake in Fortune Brands Home & Security during the fourth quarter valued at about $33,000. Kinneret Advisory LLC bought a new stake in Fortune Brands Home & Security during the fourth quarter valued at about $68,000. Finally, Essex Savings Bank bought a new stake in Fortune Brands Home & Security during the fourth quarter valued at about $76,000. 86.80% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

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