Brokers Issue Forecasts for Fortune Brands Home & Security, Inc.’s Q3 2022 Earnings (NYSE:FBHS)

Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) – Analysts at KeyCorp dropped their Q3 2022 earnings per share estimates for Fortune Brands Home & Security in a report issued on Monday, August 1st. KeyCorp analyst K. Zener now forecasts that the industrial products company will post earnings of $1.70 per share for the quarter, down from their previous estimate of $1.80. The consensus estimate for Fortune Brands Home & Security’s current full-year earnings is $6.42 per share. KeyCorp also issued estimates for Fortune Brands Home & Security’s Q4 2022 earnings at $1.77 EPS.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.04 billion. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Fortune Brands Home & Security from $76.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 28th. Truist Financial decreased their target price on Fortune Brands Home & Security from $115.00 to $100.00 in a research report on Friday, April 29th. Robert W. Baird upped their target price on Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25th. Royal Bank of Canada reiterated a “maintains” rating on shares of Fortune Brands Home & Security in a research note on Thursday, July 28th. Finally, BMO Capital Markets cut their price target on Fortune Brands Home & Security from $115.00 to $90.00 in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $89.54.

Fortune Brands Home & Security Price Performance

Shares of NYSE:FBHS opened at $66.73 on Wednesday. The business has a fifty day simple moving average of $64.81 and a 200-day simple moving average of $75.20. Fortune Brands Home & Security has a 52 week low of $56.86 and a 52 week high of $109.23. The company has a quick ratio of 1.12, a current ratio of 2.13 and a debt-to-equity ratio of 1.14. The company has a market cap of $8.63 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.49 and a beta of 1.56.

Fortune Brands Home & Security Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Friday, August 26th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, August 25th. Fortune Brands Home & Security’s dividend payout ratio is currently 20.25%.

Institutional Investors Weigh In On Fortune Brands Home & Security

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fortune Brands Home & Security by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,723 shares of the industrial products company’s stock valued at $398,000 after acquiring an additional 123 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Fortune Brands Home & Security by 0.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,316 shares of the industrial products company’s stock valued at $1,958,000 after purchasing an additional 135 shares in the last quarter. Kentucky Retirement Systems increased its holdings in shares of Fortune Brands Home & Security by 1.9% in the fourth quarter. Kentucky Retirement Systems now owns 8,246 shares of the industrial products company’s stock valued at $881,000 after purchasing an additional 153 shares in the last quarter. Huntington National Bank grew its holdings in Fortune Brands Home & Security by 1.4% during the 1st quarter. Huntington National Bank now owns 11,336 shares of the industrial products company’s stock worth $842,000 after acquiring an additional 158 shares during the period. Finally, Sargent Bickham Lagudis LLC grew its holdings in Fortune Brands Home & Security by 49.8% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 478 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 159 shares during the period. 88.19% of the stock is owned by institutional investors and hedge funds.

About Fortune Brands Home & Security

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Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

Further Reading

Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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