HB Fuller (NYSE:FUL) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.10-3.30 for the period.
Shares of HB Fuller stock traded up $0.05 during trading on Wednesday, hitting $44.93. 574,530 shares of the stock were exchanged, compared to its average volume of 387,814. The company has a fifty day moving average of $43.53. The stock has a market cap of $2.28 billion, a PE ratio of 14.98, a PEG ratio of 1.14 and a beta of 1.52. The company has a current ratio of 2.10, a quick ratio of 1.36 and a debt-to-equity ratio of 1.83. HB Fuller has a 12 month low of $39.22 and a 12 month high of $59.58.
HB Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $673.00 million during the quarter, compared to analyst estimates of $697.64 million. HB Fuller had a net margin of 4.52% and a return on equity of 13.53%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts expect that HB Fuller will post 3.29 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of HB Fuller from a hold rating to a sell rating in a report on Tuesday. TheStreet downgraded shares of HB Fuller from a b- rating to a c+ rating in a report on Tuesday, June 4th. ValuEngine downgraded shares of HB Fuller from a hold rating to a sell rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. downgraded shares of HB Fuller from an overweight rating to a neutral rating and set a $50.79 price target for the company. in a report on Tuesday, April 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $57.97.
In other HB Fuller news, VP Heather Campe sold 11,457 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $50.36, for a total value of $576,974.52. Following the completion of the sale, the vice president now directly owns 20,644 shares of the company’s stock, valued at approximately $1,039,631.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.46% of the stock is currently owned by corporate insiders.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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