H.B. Fuller (NYSE:FUL) Issues Earnings Results

H.B. Fuller (NYSE:FUL) released its earnings results on Wednesday. The specialty chemicals company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10), Briefing.com reports. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm had revenue of $917.93 million for the quarter, compared to the consensus estimate of $944.04 million. During the same quarter in the previous year, the business posted $1.06 EPS. H.B. Fuller’s revenue was up 1.9% on a year-over-year basis. H.B. Fuller updated its FY 2024 guidance to 4.100-4.200 EPS and its FY24 guidance to $4.10-4.20 EPS.

H.B. Fuller Trading Up 0.3 %

Shares of FUL opened at $80.86 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.16. H.B. Fuller has a 1 year low of $64.64 and a 1 year high of $87.67. The company has a 50 day simple moving average of $81.73 and a two-hundred day simple moving average of $79.59. The firm has a market cap of $4.41 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42.

H.B. Fuller Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2225 per share. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, July 31st. H.B. Fuller’s dividend payout ratio (DPR) is 30.38%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th.

Insider Buying and Selling at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $82.66, for a total value of $1,958,711.36. Following the completion of the transaction, the vice president now directly owns 19,742 shares of the company’s stock, valued at $1,631,873.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.96% of the company’s stock.

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.