Fortune Brands Home & Security Inc (NYSE:FBHS) – Investment analysts at Jefferies Financial Group decreased their Q3 2018 EPS estimates for Fortune Brands Home & Security in a research note issued to investors on Thursday, September 20th. Jefferies Financial Group analyst P. Ng now expects that the industrial products company will post earnings per share of $1.03 for the quarter, down from their previous estimate of $1.09. Jefferies Financial Group also issued estimates for Fortune Brands Home & Security’s FY2018 earnings at $3.66 EPS.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year.

Several other analysts also recently commented on the stock. Macquarie reduced their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, September 6th. ValuEngine downgraded shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Bank of America downgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $68.57.

FBHS stock opened at $54.39 on Monday. Fortune Brands Home & Security has a 12 month low of $52.52 and a 12 month high of $73.62. The firm has a market capitalization of $7.86 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.20 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 0.82.

A number of institutional investors have recently made changes to their positions in FBHS. Korea Investment CORP increased its holdings in shares of Fortune Brands Home & Security by 9.8% in the 1st quarter. Korea Investment CORP now owns 71,145 shares of the industrial products company’s stock valued at $4,190,000 after purchasing an additional 6,345 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fortune Brands Home & Security by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,098 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 1,731 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Fortune Brands Home & Security by 9.8% in the 1st quarter. BlackRock Inc. now owns 13,973,812 shares of the industrial products company’s stock valued at $822,920,000 after purchasing an additional 1,248,241 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Fortune Brands Home & Security by 23.5% in the 1st quarter. Toronto Dominion Bank now owns 81,899 shares of the industrial products company’s stock valued at $4,822,000 after purchasing an additional 15,559 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fortune Brands Home & Security by 6.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,347,930 shares of the industrial products company’s stock valued at $432,719,000 after purchasing an additional 433,386 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.47%. Fortune Brands Home & Security’s payout ratio is currently 25.97%.

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 four segments: Cabinets, Plumbing, Doors, and 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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