Fortune Brands Home & Security Inc (NYSE:FBHS) – SunTrust Banks raised their Q2 2020 EPS estimates for Fortune Brands Home & Security in a report issued on Wednesday, July 8th. SunTrust Banks analyst K. Hughes now anticipates that the industrial products company will post earnings per share of $0.56 for the quarter, up from their prior forecast of $0.44. SunTrust Banks has a “Buy” rating and a $60.00 price objective on the stock. SunTrust Banks also issued estimates for Fortune Brands Home & Security’s FY2020 earnings at $3.18 EPS, Q1 2021 earnings at $0.82 EPS, Q2 2021 earnings at $0.87 EPS, Q3 2021 earnings at $0.93 EPS, Q4 2021 earnings at $1.10 EPS and FY2021 earnings at $3.71 EPS.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.12. Fortune Brands Home & Security had a return on equity of 22.56% and a net margin of 7.81%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. Fortune Brands Home & Security’s revenue was up 5.6% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Royal Bank of Canada lowered Fortune Brands Home & Security from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $50.00 to $59.00 in a report on Friday, June 26th. Credit Suisse Group initiated coverage on Fortune Brands Home & Security in a report on Wednesday, May 27th. They set a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Co boosted their price target on Fortune Brands Home & Security from $52.00 to $67.00 and gave the company an “average” rating in a report on Wednesday, July 8th. Nomura Instinet boosted their price target on Fortune Brands Home & Security from $58.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Barclays reissued a “sell” rating and set a $45.00 price target on shares of Fortune Brands Home & Security in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $63.38.

Shares of FBHS opened at $64.83 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.54 and a quick ratio of 0.97. Fortune Brands Home & Security has a one year low of $33.90 and a one year high of $73.28. The firm has a market capitalization of $9.04 billion, a P/E ratio of 20.07 and a beta of 1.67. The business has a fifty day moving average of $62.45 and a 200 day moving average of $58.94.

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Fortune Brands Home & Security by 7.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,012 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 280 shares during the period. Fifth Third Bancorp raised its position in Fortune Brands Home & Security by 9.1% during the first quarter. Fifth Third Bancorp now owns 4,126 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 344 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Fortune Brands Home & Security by 1.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 24,769 shares of the industrial products company’s stock valued at $1,619,000 after purchasing an additional 347 shares during the period. Ellevest Inc. raised its position in Fortune Brands Home & Security by 71.3% during the first quarter. Ellevest Inc. now owns 853 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 355 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Fortune Brands Home & Security by 12.4% during the fourth quarter. Advisors Asset Management Inc. now owns 3,306 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 366 shares during the period. Institutional investors own 88.70% of the company’s stock.

In related news, SVP Brian C. Lantz sold 14,745 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $67.74, for a total value of $998,826.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Danny Luburic sold 2,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $60.18, for a total value of $120,360.00. Following the completion of the sale, the vice president now owns 9,693 shares in the company, valued at $583,324.74. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 29th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, May 28th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.67%.

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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