Wall Street brokerages expect that Fortune Brands Home & Security Inc (NYSE:FBHS) will post sales of $1.53 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Fortune Brands Home & Security’s earnings, with the highest sales estimate coming in at $1.54 billion and the lowest estimate coming in at $1.52 billion. Fortune Brands Home & Security posted sales of $1.43 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is scheduled to report its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Fortune Brands Home & Security will report full year sales of $5.86 billion for the current year, with estimates ranging from $5.80 billion to $5.88 billion. For the next financial year, analysts expect that the business will report sales of $6.09 billion, with estimates ranging from $5.99 billion to $6.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Fortune Brands Home & Security had a return on equity of 22.33% and a net margin of 7.18%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share.

A number of analysts have recently commented on FBHS shares. Credit Suisse Group restated a “hold” rating and issued a $49.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, February 7th. Loop Capital boosted their price target on Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a report on Friday, February 1st. Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $64.00 in a report on Monday, May 6th. ValuEngine upgraded Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, Royal Bank of Canada upped their target price on Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Hold” and a consensus target price of $54.20.

Shares of Fortune Brands Home & Security stock traded up $0.53 during trading on Tuesday, reaching $52.97. The stock had a trading volume of 874,340 shares, compared to its average volume of 1,583,396. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Fortune Brands Home & Security has a 52 week low of $35.27 and a 52 week high of $58.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.49 and a quick ratio of 0.90.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.88 annualized dividend and a yield of 1.66%. Fortune Brands Home & Security’s payout ratio is presently 26.35%.

In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 3,055 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total transaction of $163,381.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Randich sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total value of $1,060,000.00. The disclosure for this sale can be found here. Insiders have sold 25,247 shares of company stock worth $1,338,571 in the last quarter. 1.63% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FBHS. Berman Capital Advisors LLC increased its position in Fortune Brands Home & Security by 454.7% during the first quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after buying an additional 482 shares during the last quarter. Pinnacle Bank acquired a new position in Fortune Brands Home & Security during the fourth quarter worth approximately $30,000. Cornerstone Advisors Inc. increased its position in Fortune Brands Home & Security by 47.0% during the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after buying an additional 204 shares during the last quarter. Crewe Advisors LLC acquired a new position in Fortune Brands Home & Security during the first quarter worth approximately $31,000. Finally, Capital Investment Advisory Services LLC acquired a new position in Fortune Brands Home & Security during the fourth quarter worth approximately $32,000. 86.11% of the stock is currently owned by hedge funds and other institutional investors.

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 three segments: Cabinets, Plumbing, and Doors & 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.

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

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