H.B. Fuller (NYSE:FUL) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

H.B. Fuller (NYSE:FUL) issued its earnings results on Wednesday. The specialty chemicals company reported $1.13 earnings per share (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 analysts’ expectations of $944.04 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. 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 Stock Performance

Shares of FUL opened at $80.86 on Friday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.32 and a beta of 1.42. The business’s 50 day moving average is $81.73 and its two-hundred day moving average is $79.59. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.13. H.B. Fuller has a 52-week low of $64.64 and a 52-week high of $87.67.

H.B. Fuller Increases Dividend

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

Insider Buying and Selling at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $82.66, for a total value of $1,958,711.36. Following the completion of the sale, the vice president now directly owns 19,742 shares of the company’s stock, valued at $1,631,873.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.