H.B. Fuller (FUL) Scheduled to Post Quarterly Earnings on Wednesday

H.B. Fuller (NYSE:FULGet Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, March 27th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. H.B. Fuller has set its FY 2024 guidance at 4.150-4.450 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

H.B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings data on Thursday, January 18th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $929.85 million. H.B. Fuller had a net margin of 4.13% and a return on equity of 12.73%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. On average, analysts expect H.B. Fuller to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

H.B. Fuller Price Performance

FUL opened at $80.69 on Monday. The company has a 50-day moving average of $78.10 and a 200-day moving average of $75.10. The company has a market capitalization of $4.37 billion, a P/E ratio of 31.15, a PEG ratio of 1.28 and a beta of 1.52. H.B. Fuller has a 1-year low of $62.57 and a 1-year high of $83.64. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.26 and a current ratio of 1.89.

H.B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, February 6th. H.B. Fuller’s payout ratio is currently 31.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Vertical Research assumed coverage on shares of H.B. Fuller in a research report on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $80.00 price objective on shares of H.B. Fuller in a research report on Friday, January 19th. StockNews.com raised shares of H.B. Fuller from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus upped their price target on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.20.

Read Our Latest Report on H.B. Fuller

Insider Activity at H.B. Fuller

In related news, VP Heather Campe sold 3,450 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $76.83, for a total transaction of $265,063.50. Following the completion of the sale, the vice president now directly owns 19,736 shares of the company’s stock, valued at $1,516,316.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Heather Campe sold 3,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $76.83, for a total transaction of $265,063.50. Following the sale, the vice president now owns 19,736 shares in the company, valued at $1,516,316.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the sale, the vice president now owns 9,089 shares in the company, valued at approximately $693,308.92. The disclosure for this sale can be found here. Insiders sold a total of 30,693 shares of company stock valued at $2,353,357 over the last ninety days. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On H.B. Fuller

Large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in H.B. Fuller in the 2nd quarter valued at approximately $33,000. Campbell & CO Investment Adviser LLC acquired a new position in H.B. Fuller in the 4th quarter valued at approximately $418,000. Marshall Wace LLP acquired a new position in H.B. Fuller in the 3rd quarter valued at approximately $701,000. Teachers Retirement System of The State of Kentucky acquired a new position in H.B. Fuller in the 3rd quarter valued at approximately $996,000. Finally, State of Tennessee Treasury Department increased its stake in H.B. Fuller by 13.0% in the 4th quarter. State of Tennessee Treasury Department now owns 23,424 shares of the specialty chemicals company’s stock valued at $1,677,000 after buying an additional 2,699 shares during the period. Institutional investors and hedge funds own 94.14% of the company’s stock.

About H.B. Fuller

(Get Free Report)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products in North America, Europe, Latin America, Asia Pacific, India, the Middle East, Africa, and internationally.

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Earnings History for H.B. Fuller (NYSE:FUL)

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