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

H.B. Fuller (NYSE:FUL) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.13 EPS for the quarter, missing the consensus estimate 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 business had revenue of $917.93 million during the quarter, compared to analysts’ expectations of $944.04 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. H.B. Fuller’s quarterly 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 0.5 %

FUL stock traded up $0.39 during midday trading on Friday, hitting $81.13. The stock had a trading volume of 159,020 shares, compared to its average volume of 306,258. The company’s 50-day moving average price is $81.73 and its 200 day moving average price is $79.59. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.16. The firm has a market cap of $4.42 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. H.B. Fuller has a 12-month low of $64.64 and a 12-month high of $87.67.

H.B. Fuller Increases Dividend

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

Insider Transactions at H.B. Fuller

In other news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction dated 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 owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.96% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered 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.