Brokerages expect Fortune Brands Home & Security Inc (NYSE:FBHS) to post sales of $1.53 billion for the current quarter, Zacks 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 reported sales of $1.43 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, August 1st.

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

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

FBHS has been the subject of several research reports. TheStreet cut The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. Barclays set a $325.00 price objective on Align Technology and gave the company a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Royal Bank of Canada reissued a “sell” rating and issued a $7.50 price objective on shares of Deutsche Bank in a research report on Thursday, April 25th. Finally, Credit Suisse Group set a €14.50 ($16.86) price objective on Assicurazioni Generali and gave the company a “sell” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Fortune Brands Home & Security currently has a consensus rating of “Hold” and a consensus target price of $54.90.

In other Fortune Brands Home & Security news, insider David Randich sold 20,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total transaction of $1,060,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian C. Lantz sold 2,192 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $52.55, for a total value of $115,189.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,247 shares of company stock valued at $1,622,271. 1.63% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Berman Capital Advisors LLC increased its stake in shares of Fortune Brands Home & Security by 454.7% in the first quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock valued at $28,000 after buying an additional 482 shares in the last quarter. Bremer Bank National Association acquired a new stake in shares of Fortune Brands Home & Security in the first quarter valued at $32,000. Cornerstone Advisors Inc. increased its stake in shares of Fortune Brands Home & Security by 47.0% in the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock valued at $30,000 after buying an additional 204 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Fortune Brands Home & Security in the first quarter valued at $31,000. Finally, Pinnacle Bank acquired a new stake in shares of Fortune Brands Home & Security in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 87.11% of the company’s stock.

Shares of FBHS traded up $1.22 during mid-day trading on Friday, hitting $56.13. The company’s stock had a trading volume of 850,727 shares, compared to its average volume of 1,077,980. Fortune Brands Home & Security has a one year low of $35.27 and a one year high of $58.21. 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 firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.63 and a beta of 1.56. The business has a 50-day moving average of $53.79.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.88 annualized dividend and a yield of 1.57%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.35%.

Fortune Brands Home & Security Company Profile

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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