HB Fuller (FUL) Releases Earnings Results, Misses Expectations By $0.04 EPS

HB Fuller (NYSE:FUL) announced its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.04), MarketWatch Earnings reports. HB Fuller had a return on equity of 12.66% and a net margin of 4.00%.

NYSE FUL opened at $56.94 on Thursday. HB Fuller has a fifty-two week low of $46.62 and a fifty-two week high of $59.58. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.46 and a current ratio of 2.24. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 0.93 and a beta of 1.48.

Several brokerages recently issued reports on FUL. Zacks Investment Research upgraded HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Wednesday, August 29th. Berenberg Bank began coverage on HB Fuller in a report on Thursday, July 12th. They set a “buy” rating and a $65.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $57.00 price objective on shares of HB Fuller in a report on Thursday, July 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $61.13.

In other HB Fuller news, Director Sant R. William Van sold 5,500 shares of the firm’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $54.12, for a total transaction of $297,660.00. Following the transaction, the director now directly owns 17,665 shares in the company, valued at $956,029.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Traci L. Jensen sold 4,508 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $57.45, for a total value of $258,984.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,208 shares of company stock worth $680,263. Corporate insiders own 3.46% of the company’s stock.

HB Fuller Company Profile

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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Earnings History for HB Fuller (NYSE:FUL)

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