H.B. Fuller (NYSE:FUL) announced its quarterly earnings data on Sunday. The specialty chemicals company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.20, MarketWatch Earnings reports. The business had revenue of $777.64 million for the quarter, compared to analyst estimates of $735.55 million. H.B. Fuller had a return on equity of 11.18% and a net margin of 4.19%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share.
Shares of NYSE:FUL traded up $1.45 during midday trading on Tuesday, hitting $52.20. The company had a trading volume of 45,285 shares, compared to its average volume of 506,456. H.B. Fuller has a twelve month low of $23.68 and a twelve month high of $57.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.17 and a quick ratio of 1.39. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.72. The business’s 50-day simple moving average is $53.22 and its 200-day simple moving average is $49.78.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 18th. Investors of record on Thursday, February 4th will be issued a $0.1625 dividend. The ex-dividend date of this dividend is Wednesday, February 3rd. This represents a $0.65 annualized dividend and a dividend yield of 1.25%. H.B. Fuller’s dividend payout ratio is presently 21.96%.
In related news, VP Nathan D. Weaver sold 1,950 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $51.20, for a total value of $99,840.00. Following the completion of the sale, the vice president now owns 3,209 shares of the company’s stock, valued at $164,300.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.46% of the stock is currently owned by company insiders.
FUL has been the topic of a number of research reports. Robert W. Baird raised H.B. Fuller from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $65.00 in a report on Monday, January 4th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised H.B. Fuller from a “neutral” rating to a “buy” rating and increased their price objective for the company from $50.00 to $61.00 in a report on Friday, December 18th. Zacks Investment Research lowered H.B. Fuller from a “buy” rating to a “hold” rating in a report on Tuesday, January 12th. Finally, Smith Barney Citigroup reiterated a “neutral” rating on shares of H.B. Fuller in a report on Friday, December 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $52.86.
H.B. Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, 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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