H.B. Fuller (FUL) To Go Ex-Dividend on February 6th

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.2225 per share by the specialty chemicals company on Thursday, February 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, February 6th.

H.B. Fuller has increased its dividend payment by an average of 9.5% per year over the last three years. H.B. Fuller has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect H.B. Fuller to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 18.7%.

H.B. Fuller Stock Performance

H.B. Fuller stock opened at $62.75 on Friday. H.B. Fuller has a twelve month low of $60.96 and a twelve month high of $87.67. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $3.43 billion, a P/E ratio of 27.16, a PEG ratio of 1.18 and a beta of 1.43. The stock’s 50 day moving average is $69.42 and its 200 day moving average is $76.30.

H.B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The company had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $916.84 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. On average, equities research analysts predict that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FUL has been the subject of a number of recent analyst reports. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup dropped their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, H.B. Fuller currently has an average rating of “Hold” and a consensus target price of $75.60.

H.B. Fuller Company Profile

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.