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

H.B. Fuller (NYSE:FUL) issued 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 net margin of 4.67% and a return on equity of 13.33%. The business had revenue of $917.93 million during the quarter, compared to analysts’ expectations of $944.04 million. During the same period in the prior year, the business posted $1.06 EPS. The business’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 Stock Up 0.7 %

FUL stock traded up $0.55 during midday trading on Friday, hitting $81.29. 124,136 shares of the company’s stock were exchanged, compared to its average volume of 306,072. The firm has a 50 day moving average price of $81.73 and a 200-day moving average price of $79.59. H.B. Fuller has a 12-month low of $64.64 and a 12-month high of $87.67. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a $0.2225 dividend. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 31st. This represents a $0.89 annualized dividend and a dividend yield of 1.09%. H.B. Fuller’s payout ratio is 30.38%.

Insider Transactions at H.B. Fuller

In other H.B. Fuller 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 transaction 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 approximately $1,631,873.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.96% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research note 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.