$1.44 Billion in Sales Expected for Fortune Brands Home & Security Inc (FBHS) This Quarter

Brokerages forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will announce sales of $1.44 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Fortune Brands Home & Security’s earnings. The highest sales estimate is $1.45 billion and the lowest is $1.43 billion. Fortune Brands Home & Security posted sales of $1.35 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Fortune Brands Home & Security will report full year sales of $5.61 billion for the current year, with estimates ranging from $5.57 billion to $5.65 billion. For the next year, analysts forecast that the company will post sales of $5.99 billion, with estimates ranging from $5.78 billion to $6.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share.

FBHS has been the subject of a number of analyst reports. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Bank of America cut shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Macquarie decreased their price objective on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, September 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and a consensus target price of $68.57.

Several hedge funds have recently modified their holdings of the company. Royal London Asset Management Ltd. bought a new position in shares of Fortune Brands Home & Security during the second quarter worth about $3,257,000. Schroder Investment Management Group lifted its position in shares of Fortune Brands Home & Security by 35.7% during the second quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock worth $122,882,000 after purchasing an additional 605,743 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Fortune Brands Home & Security by 94.4% during the second quarter. WINTON GROUP Ltd now owns 193,393 shares of the industrial products company’s stock worth $10,383,000 after purchasing an additional 93,902 shares during the last quarter. Nomura Holdings Inc. lifted its position in shares of Fortune Brands Home & Security by 166.4% during the second quarter. Nomura Holdings Inc. now owns 63,525 shares of the industrial products company’s stock worth $3,410,000 after purchasing an additional 39,683 shares during the last quarter. Finally, Andra AP fonden bought a new position in shares of Fortune Brands Home & Security during the second quarter worth about $3,796,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FBHS traded down $0.20 on Thursday, reaching $54.39. The stock had a trading volume of 3,508,200 shares, compared to its average volume of 1,694,532. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 0.96. The stock has a market cap of $7.86 billion, a P/E ratio of 17.66, a PEG ratio of 1.20 and a beta of 1.27. Fortune Brands Home & Security has a 12-month low of $52.52 and a 12-month high of $73.62.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, November 30th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. Fortune Brands Home & Security’s payout ratio is 25.97%.

About Fortune Brands Home & Security

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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