Analysts Offer Predictions for H.B. Fuller’s FY2024 Earnings (NYSE:FUL)

H.B. Fuller (NYSE:FUL) – Analysts at Seaport Res Ptn lifted their FY2024 earnings per share estimates for H.B. Fuller in a research report issued to clients and investors on Thursday, June 27th. Seaport Res Ptn analyst M. Harrison now expects 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.

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

A number of other brokerages have also issued reports on FUL. Vertical Research began coverage on H.B. Fuller in a report on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price target for the company. Robert W. Baird boosted their price target on H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.75.

H.B. Fuller Trading Up 0.8 %

FUL opened at $76.96 on Monday. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.22 and a beta of 1.48. The stock’s 50 day moving average price is $78.01 and its 200-day moving average price is $78.46. H.B. Fuller has a one year low of $63.72 and a one year high of $84.31. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 1.89.

Hedge Funds Weigh In On H.B. Fuller

Large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division acquired a new position in shares of H.B. Fuller during the first quarter worth $79,000. Arlington Trust Co LLC acquired a new position in shares of H.B. Fuller during the fourth quarter worth $134,000. Security National Bank of SO Dak acquired a new position in shares of H.B. Fuller during the fourth quarter worth $236,000. Wesbanco Bank Inc. increased its position in shares of H.B. Fuller by 90.2% during the third 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. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of H.B. Fuller during the fourth quarter worth $738,000. 95.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other H.B. Fuller news, EVP Zhiwei Cai sold 4,645 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Nathan D. Weaver sold 7,292 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total value of $573,442.88. Following the sale, the vice president now owns 4,803 shares of the company’s stock, valued at approximately $377,707.92. The disclosure for this sale can be found here. Insiders sold a total of 34,253 shares of company stock worth $2,669,188 over the last 90 days. Company insiders own 1.96% of the company’s stock.

H.B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were issued a dividend of $0.222 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $0.89 dividend on an annualized basis and a yield of 1.15%. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.21. H.B. Fuller’s dividend payout ratio is currently 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.