$0.90 EPS Expected for HB Fuller Co (FUL) This Quarter

Wall Street analysts expect HB Fuller Co (NYSE:FUL) to report earnings per share (EPS) of $0.90 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for HB Fuller’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.94. HB Fuller posted earnings per share of $0.65 in the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, September 26th.

According to Zacks, analysts expect that HB Fuller will report full year earnings of $3.23 per share for the current year, with EPS estimates ranging from $3.20 to $3.30. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.97 per share, with EPS estimates ranging from $3.75 to $4.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow HB Fuller.

HB Fuller (NYSE:FUL) last released its earnings results on Wednesday, June 27th. The specialty chemicals company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.03. The firm had revenue of $789.39 million during the quarter, compared to analysts’ expectations of $808.06 million. HB Fuller had a net margin of 4.00% and a return on equity of 12.66%.

Several research firms have commented on FUL. Zacks Investment Research cut shares of HB Fuller from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Berenberg Bank began coverage on shares of HB Fuller in a research note on Thursday, July 12th. They issued a “buy” rating and a $65.00 target price for the company. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $57.00 target price on shares of HB Fuller in a research note on Thursday, July 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.13.

FUL stock traded down $0.17 during midday trading on Friday, hitting $57.06. The stock had a trading volume of 44,841 shares, compared to its average volume of 309,424. The stock has a market capitalization of $2.95 billion, a P/E ratio of 22.69, a PEG ratio of 0.95 and a beta of 1.48. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.46 and a current ratio of 2.24. HB Fuller has a 12-month low of $46.62 and a 12-month high of $59.58.

In other HB Fuller news, Director Sant R. William Van sold 5,500 shares of HB Fuller stock in a transaction on Friday, June 29th. The shares were sold at an average price of $54.12, for a total value of $297,660.00. Following the transaction, the director now owns 17,665 shares in the company, valued at approximately $956,029.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Traci L. Jensen sold 4,508 shares of HB Fuller stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $57.45, for a total transaction of $258,984.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,208 shares of company stock worth $680,263. 3.46% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC acquired a new position in shares of HB Fuller during the 2nd quarter valued at $200,000. Balter Liquid Alternatives LLC acquired a new position in shares of HB Fuller during the 2nd quarter valued at $259,000. Jane Street Group LLC acquired a new position in shares of HB Fuller during the 2nd quarter valued at $269,000. SNS Financial Group LLC acquired a new position in shares of HB Fuller during the 2nd quarter valued at $294,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of HB Fuller by 20.0% during the 2nd quarter. D.A. Davidson & CO. now owns 6,000 shares of the specialty chemicals company’s stock valued at $322,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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