Fortune Brands Home & Security, Inc. (NYSE:FBHS) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.05-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.09. The company issued revenue guidance of +6-7% to ~$5.28-5.33 billion, compared to the consensus revenue estimate of $5.32 billion.
Fortune Brands Home & Security, Inc. (NYSE:FBHS) traded down 1.82% during trading on Wednesday, reaching $66.88. The company’s stock had a trading volume of 1,082,170 shares. The stock has a 50-day moving average price of $65.57 and a 200 day moving average price of $64.46. The company has a market cap of $10.30 billion, a PE ratio of 23.81 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 52-week low of $52.05 and a 52-week high of $68.36.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts expect that Fortune Brands Home & Security, Inc. will post $3.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s payout ratio is currently 25.35%.
A number of equities research analysts have recently weighed in on FBHS shares. Jefferies Group LLC reissued a buy rating and issued a $78.00 target price on shares of Fortune Brands Home & Security in a research note on Thursday, October 12th. Longbow Research raised Fortune Brands Home & Security from a neutral rating to a buy rating and set a $72.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub lowered Fortune Brands Home & Security from a buy rating to a hold rating in a research note on Monday, July 24th. Zacks Investment Research raised Fortune Brands Home & Security from a hold rating to a buy rating and set a $75.00 target price for the company in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $69.00.
In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The disclosure for this sale can be found here. Insiders have sold a total of 136,000 shares of company stock valued at $8,715,420 in the last ninety days. 1.61% of the stock is currently owned by corporate insiders.
Fortune Brands Home & Security Company Profile
Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.