FY2022 EPS Estimates for Fortune Brands Home & Security, Inc. (NYSE:FBHS) Lowered by KeyCorp

Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) – Stock analysts at KeyCorp reduced their FY2022 EPS estimates for Fortune Brands Home & Security in a research note issued on Monday, August 1st. KeyCorp analyst K. Zener now anticipates that the industrial products company will post earnings per share of $6.43 for the year, down from their previous forecast of $6.50. 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 FY2023 earnings at $6.83 EPS.

FBHS has been the subject of a number of other reports. JPMorgan Chase & Co. cut their target price on shares of Fortune Brands Home & Security from $84.00 to $77.00 in a report on Friday, July 15th. UBS Group dropped their price objective on shares of Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Truist Financial dropped their price objective on shares of Fortune Brands Home & Security from $115.00 to $100.00 in a research note on Friday, April 29th. TheStreet lowered shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. Finally, Credit Suisse Group lifted their price objective on shares of Fortune Brands Home & Security from $90.00 to $95.00 in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus target price of $89.54.

Fortune Brands Home & Security Trading Up 1.6 %

FBHS stock opened at $67.83 on Thursday. The firm has a fifty day moving average price of $64.77 and a 200 day moving average price of $74.97. Fortune Brands Home & Security has a fifty-two week low of $56.86 and a fifty-two week high of $109.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13. The firm has a market cap of $8.77 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $1.56 earnings per share. Fortune Brands Home & Security’s revenue for the quarter was up 9.0% compared to the same quarter last year.

Institutional Trading of Fortune Brands Home & Security

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its holdings in shares of Fortune Brands Home & Security by 4.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 68,267 shares of the industrial products company’s stock valued at $4,088,000 after acquiring an additional 2,966 shares in the last quarter. Fifth Third Bancorp raised its holdings in Fortune Brands Home & Security by 12.7% in the second quarter. Fifth Third Bancorp now owns 8,167 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 919 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Fortune Brands Home & Security by 45.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,986 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 1,877 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Fortune Brands Home & Security by 6.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 77,386 shares of the industrial products company’s stock worth $4,634,000 after purchasing an additional 4,725 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Fortune Brands Home & Security by 46.5% in the second quarter. Janney Montgomery Scott LLC now owns 19,413 shares of the industrial products company’s stock worth $1,182,000 after purchasing an additional 6,160 shares in the last quarter. 88.19% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Friday, August 26th will be issued a $0.28 dividend. The ex-dividend date is Thursday, August 25th. This represents a $1.12 annualized dividend and a dividend yield of 1.65%. Fortune Brands Home & Security’s payout ratio is currently 20.25%.

About Fortune Brands Home & Security

(Get Rating)

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.

See Also

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

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