H.B. Fuller (NYSE:FUL) to Post FY2024 Earnings of $4.31 Per Share, Seaport Res Ptn Forecasts

H.B. Fuller (NYSE:FUL) – Stock analysts at Seaport Res Ptn lifted their FY2024 earnings per share estimates for shares of H.B. Fuller in a research note issued on Thursday, June 27th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will earn $4.31 per share for the year, up from their prior estimate of $4.26. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.35 per share. Seaport Res Ptn also issued estimates for H.B. Fuller’s Q4 2024 earnings at $1.29 EPS, Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.48 EPS and FY2025 earnings at $5.18 EPS.

FUL has been the topic of several other research reports. Robert W. Baird increased their price objective on H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Vertical Research assumed coverage on H.B. Fuller in a research report on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, H.B. Fuller currently has an average rating of “Moderate Buy” and a consensus price target of $92.75.

H.B. Fuller Stock Down 0.8 %

FUL opened at $76.33 on Monday. H.B. Fuller has a 1-year low of $64.64 and a 1-year high of $84.31. The stock’s fifty day simple moving average is $78.01 and its 200 day simple moving average is $78.42. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. The stock has a market cap of $4.16 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The business had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $914.22 million. During the same quarter in the prior year, the business earned $0.93 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis.

Institutional Investors Weigh In On H.B. Fuller

Hedge funds have recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in H.B. Fuller in the 1st quarter worth about $79,000. Arlington Trust Co LLC acquired a new position in H.B. Fuller in the 4th quarter worth about $134,000. Security National Bank of SO Dak acquired a new position in H.B. Fuller in the 4th quarter worth about $236,000. Campbell & CO Investment Adviser LLC acquired a new position in H.B. Fuller in the 4th quarter worth about $738,000. Finally, Wesbanco Bank Inc. increased its holdings in H.B. Fuller by 90.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock worth $666,000 after purchasing an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP James J. East sold 22,316 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $78.27, for a total value of $1,746,673.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other H.B. Fuller news, EVP James J. East sold 22,316 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Zhiwei Cai sold 4,645 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the sale, the executive vice president now owns 30,663 shares in the company, valued at $2,304,324.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,253 shares of company stock worth $2,669,188. Company insiders own 1.96% of the company’s stock.

H.B. Fuller Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were given a $0.222 dividend. The ex-dividend date was Wednesday, April 24th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.21. H.B. Fuller’s dividend payout ratio (DPR) is presently 30.38%.

About H.B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.