Equities analysts predict that HB Fuller Co (NYSE:FUL) will post $662.79 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for HB Fuller’s earnings, with estimates ranging from $601.80 million to $716.87 million. HB Fuller posted sales of $503.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 31.7%. The firm is scheduled to announce its next earnings results on Wednesday, April 4th.
On average, analysts expect that HB Fuller will report full-year sales of $662.79 million for the current year, with estimates ranging from $3.00 billion to $3.14 billion. For the next year, analysts forecast that the firm will report sales of $3.21 billion per share, with estimates ranging from $3.11 billion to $3.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover HB Fuller.
HB Fuller (NYSE:FUL) last released its quarterly earnings data on Tuesday, January 23rd. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). HB Fuller had a return on equity of 12.83% and a net margin of 2.53%. The firm had revenue of $678.20 million during the quarter, compared to analyst estimates of $613.58 million.
A number of hedge funds have recently made changes to their positions in FUL. Principal Financial Group Inc. grew its holdings in HB Fuller by 57.1% during the third quarter. Principal Financial Group Inc. now owns 1,535,893 shares of the specialty chemicals company’s stock valued at $89,173,000 after purchasing an additional 557,994 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in HB Fuller by 135.7% during the third quarter. Westfield Capital Management Co. LP now owns 476,700 shares of the specialty chemicals company’s stock valued at $27,677,000 after purchasing an additional 274,433 shares during the last quarter. Renaissance Technologies LLC grew its holdings in HB Fuller by 1,935.1% during the fourth quarter. Renaissance Technologies LLC now owns 224,000 shares of the specialty chemicals company’s stock valued at $12,067,000 after purchasing an additional 212,993 shares during the last quarter. Deutsche Bank AG boosted its position in shares of HB Fuller by 188.9% in the fourth quarter. Deutsche Bank AG now owns 307,407 shares of the specialty chemicals company’s stock valued at $16,557,000 after acquiring an additional 200,995 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of HB Fuller by 92.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 417,610 shares of the specialty chemicals company’s stock valued at $24,247,000 after acquiring an additional 200,594 shares during the period. Institutional investors own 92.30% of the company’s stock.
HB Fuller (NYSE FUL) traded up $0.34 during trading hours on Friday, reaching $51.69. The company had a trading volume of 526,941 shares, compared to its average volume of 603,630. HB Fuller has a 12-month low of $47.36 and a 12-month high of $58.74. The firm has a market capitalization of $2,606.52, a P/E ratio of 45.74, a P/E/G ratio of 1.09 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 2.30.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.60 annualized dividend and a yield of 1.16%. HB Fuller’s dividend payout ratio (DPR) is presently 53.10%.
HB Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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