HB Fuller Co (NYSE:FUL) – Investment analysts at G.Research upped their FY2024 earnings estimates for HB Fuller in a research note issued to investors on Friday, June 26th. G.Research analyst R. Morbelli now forecasts that the specialty chemicals company will earn $4.30 per share for the year, up from their previous forecast of $4.20.

HB Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 24th. The specialty chemicals company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.13. The company had revenue of $675.00 million during the quarter, compared to the consensus estimate of $664.28 million. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. HB Fuller’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS.

Several other equities analysts also recently commented on FUL. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upgraded shares of HB Fuller from a “neutral” rating to an “overweight” rating and set a $34.00 price target on the stock in a research note on Friday, April 17th. Citigroup raised their price objective on HB Fuller from $30.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday. TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a research report on Thursday, March 5th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $54.00 price target on shares of HB Fuller in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. HB Fuller presently has an average rating of “Hold” and a consensus target price of $48.43.

NYSE FUL opened at $42.50 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 1.56. HB Fuller has a twelve month low of $23.68 and a twelve month high of $52.40. The business has a 50-day moving average price of $39.01 and a 200-day moving average price of $40.61. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.81.

A number of hedge funds have recently modified their holdings of the business. Chevy Chase Trust Holdings Inc. bought a new stake in shares of HB Fuller in the 4th quarter valued at approximately $27,000. Advisor Group Holdings Inc. bought a new stake in HB Fuller in the first quarter worth $27,000. FMR LLC lifted its position in HB Fuller by 37.1% in the fourth quarter. FMR LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $52,000 after buying an additional 272 shares during the last quarter. Americana Partners LLC purchased a new position in HB Fuller during the fourth quarter worth $59,000. Finally, Tower Research Capital LLC TRC increased its position in HB Fuller by 367.5% during the first quarter. Tower Research Capital LLC TRC now owns 1,178 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 926 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Earnings History and Estimates for HB Fuller (NYSE:FUL)

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