Fortune Brands Home & Security Inc (NYSE:FBHS) – Equities research analysts at Jefferies Financial Group lifted their Q4 2018 earnings per share estimates for Fortune Brands Home & Security in a research note issued on Thursday, September 20th, Zacks Investment Research reports. Jefferies Financial Group analyst P. Ng now forecasts that the industrial products company will post earnings of $1.09 per share for the quarter, up from their prior forecast of $1.05. Jefferies Financial Group also issued estimates for Fortune Brands Home & Security’s Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.18 EPS, Q4 2019 earnings at $1.21 EPS, FY2019 earnings at $4.25 EPS and FY2020 earnings at $4.82 EPS.
Fortune Brands Home & Security (NYSE:FBHS) last announced 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). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS.
Several other equities analysts have also issued reports on FBHS. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. ValuEngine lowered Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Macquarie cut their target price on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. Goldman Sachs Group began coverage on Fortune Brands Home & Security in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Bank of America lowered Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their target price for the company from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $68.27.
Shares of Fortune Brands Home & Security stock traded down $0.89 during trading on Friday, hitting $51.61. 2,212,926 shares of the stock traded hands, compared to its average volume of 1,709,021. Fortune Brands Home & Security has a 52-week low of $51.12 and a 52-week high of $73.62. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.46 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.13 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, November 29th. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new stake in Fortune Brands Home & Security in the third quarter worth about $347,000. Royal London Asset Management Ltd. acquired a new stake in Fortune Brands Home & Security in the second quarter worth about $3,257,000. Schroder Investment Management Group boosted its holdings in Fortune Brands Home & Security by 35.7% in the second quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock worth $122,882,000 after acquiring an additional 605,743 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Fortune Brands Home & Security by 94.4% in the second quarter. WINTON GROUP Ltd now owns 193,393 shares of the industrial products company’s stock worth $10,383,000 after acquiring an additional 93,902 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in Fortune Brands Home & Security by 166.4% in the second quarter. Nomura Holdings Inc. now owns 63,525 shares of the industrial products company’s stock worth $3,410,000 after acquiring an additional 39,683 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.
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 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.