Fortune Brands Home & Security (FBHS) Earns News Impact Score of 0.15
Press coverage about Fortune Brands Home & Security (NYSE:FBHS) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fortune Brands Home & Security earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.9742860614794 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Fortune Brands Home & Security (NYSE FBHS) traded up $0.25 during mid-day trading on Friday, reaching $63.52. 1,800,000 shares of the company traded hands, compared to its average volume of 1,820,000. Fortune Brands Home & Security has a 12-month low of $56.33 and a 12-month high of $73.62. The company has a market cap of $9,640.00, a P/E ratio of 19.73, a P/E/G ratio of 1.44 and a beta of 1.33. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.58.
Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. equities research analysts predict that Fortune Brands Home & Security will post 3.63 earnings per share for the current year.
Fortune Brands Home & Security announced that its board has authorized a stock repurchase plan on Monday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
FBHS has been the subject of a number of analyst reports. Credit Suisse Group raised their price objective on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Citigroup lifted their price target on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 27th. JPMorgan Chase & Co. lifted their price target on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, BidaskClub downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $73.31.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the sale, the director now owns 21,674 shares in the company, valued at approximately $1,549,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.61% of the company’s stock.
About Fortune Brands Home & Security
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.
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