Jefferies Financial Group Research Analysts Reduce Earnings Estimates for Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) – Analysts at Jefferies Financial Group lowered their Q3 2018 EPS estimates for Fortune Brands Home & Security in a note issued to investors on Thursday, September 20th. Jefferies Financial Group analyst P. Ng now anticipates that the industrial products company will post earnings per share of $1.03 for the quarter, down from their prior estimate of $1.09. Jefferies Financial Group also issued estimates for Fortune Brands Home & Security’s FY2018 earnings at $3.66 EPS.

A number of other brokerages have also recently issued reports on FBHS. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Monday, August 6th. ValuEngine raised Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Bank of America cut Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Finally, Macquarie reduced their price objective on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note 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 stock. The company has an average rating of “Hold” and an average price target of $68.57.

Shares of NYSE:FBHS opened at $54.39 on Monday. Fortune Brands Home & Security has a 12-month low of $52.52 and a 12-month high of $73.62. The stock has a market cap of $7.86 billion, a PE ratio of 17.66, a P/E/G ratio of 1.20 and a beta of 1.27. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in Fortune Brands Home & Security by 43.1% in the second quarter. Arizona State Retirement System now owns 79,155 shares of the industrial products company’s stock worth $4,250,000 after buying an additional 23,848 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Fortune Brands Home & Security by 287.9% in the second quarter. Cubist Systematic Strategies LLC now owns 117,945 shares of the industrial products company’s stock worth $6,332,000 after buying an additional 87,539 shares during the period. Altshuler Shaham Ltd purchased a new stake in Fortune Brands Home & Security in the second quarter worth about $2,323,000. Koch Industries Inc. lifted its holdings in Fortune Brands Home & Security by 55.3% in the first quarter. Koch Industries Inc. now owns 10,903 shares of the industrial products company’s stock worth $642,000 after buying an additional 3,884 shares during the period. Finally, Citigroup Inc. lifted its holdings in Fortune Brands Home & Security by 6.8% in the first quarter. Citigroup Inc. now owns 297,110 shares of the industrial products company’s stock worth $17,495,000 after buying an additional 18,792 shares during the period. 85.58% of the stock is currently owned by institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be paid a $0.20 dividend. 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 presently 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.

See Also: Earnings Per Share (EPS)

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

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