Zacks: Brokerages Expect HB Fuller Co (FUL) to Post $0.86 Earnings Per Share

Analysts expect HB Fuller Co (NYSE:FUL) to announce $0.86 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for HB Fuller’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.84. HB Fuller posted earnings of $0.62 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The company is scheduled to issue its next earnings report on Wednesday, June 27th.

According to Zacks, analysts expect that HB Fuller will report full-year earnings of $3.22 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.30. For the next fiscal year, analysts expect that the company will report earnings of $3.99 per share, with EPS estimates ranging from $3.75 to $4.22. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover HB Fuller.

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HB Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, March 28th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $713.08 million for the quarter, compared to the consensus estimate of $663.98 million. HB Fuller had a return on equity of 11.69% and a net margin of 3.62%.

FUL has been the topic of several recent research reports. Deutsche Bank raised HB Fuller from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $62.00 in a report on Thursday, January 25th. JPMorgan Chase raised HB Fuller from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Zacks Investment Research lowered HB Fuller from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. TheStreet lowered HB Fuller from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Finally, Seaport Global Securities raised HB Fuller from a “neutral” rating to a “buy” rating and boosted their target price for the company from $63.00 to $66.00 in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $60.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation purchased a new position in shares of HB Fuller in the 3rd quarter worth approximately $156,000. Koch Industries Inc. purchased a new stake in HB Fuller in the fourth quarter worth about $205,000. Capital Fund Management S.A. purchased a new stake in HB Fuller in the fourth quarter worth about $242,000. PEAK6 Investments L.P. purchased a new stake in HB Fuller in the fourth quarter worth about $243,000. Finally, Fox Run Management L.L.C. purchased a new stake in HB Fuller in the fourth quarter worth about $248,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

FUL traded down $1.22 during midday trading on Friday, hitting $48.74. 565,296 shares of the company were exchanged, compared to its average volume of 488,427. The company has a market capitalization of $2,462.69, a PE ratio of 19.50, a PEG ratio of 0.98 and a beta of 1.55. HB Fuller has a 1-year low of $46.62 and a 1-year high of $58.74. The company has a current ratio of 2.14, a quick ratio of 1.56 and a debt-to-equity ratio of 2.08.

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HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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Earnings History and Estimates for HB Fuller (NYSE:FUL)

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