H.B. Fuller (NYSE:FUL) Releases FY24 Earnings Guidance

H.B. Fuller (NYSE:FUL) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.20-4.45 for the period, compared to the consensus estimate of $4.31. The company issued revenue guidance of ~$3.58-3.65 billion, compared to the consensus revenue estimate of $3.61 billion.

Analyst Ratings Changes

Several equities analysts have recently commented on FUL shares. Robert W. Baird increased their target price on H.B. Fuller from $80.00 to $90.00 and gave the company a neutral rating in a research note on Monday, April 1st. Vertical Research started coverage on H.B. Fuller in a research note on Tuesday, March 19th. They set a buy rating and a $88.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, H.B. Fuller currently has a consensus rating of Hold and a consensus target price of $86.20.

H.B. Fuller Price Performance

FUL stock traded down $0.02 during trading hours on Wednesday, hitting $76.30. 449,837 shares of the stock traded hands, compared to its average volume of 297,922. The stock has a 50-day simple moving average of $78.00 and a 200 day simple moving average of $78.51. H.B. Fuller has a one year low of $63.47 and a one year high of $84.31. The company has a market cap of $4.16 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.21 and a beta of 1.48. The company has a current ratio of 1.99, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The business had revenue of $810.42 million during the quarter, compared to analyst estimates of $823.04 million. During the same quarter last year, the company posted $0.55 EPS. H.B. Fuller’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that H.B. Fuller will post 4.33 earnings per share for the current year.

H.B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were given a dividend of $0.222 per share. The ex-dividend date was Wednesday, April 24th. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.21. This represents a $0.89 dividend on an annualized basis and a yield of 1.16%. H.B. Fuller’s dividend payout ratio (DPR) is presently 32.36%.

Insiders Place Their Bets

In other news, EVP Zhiwei Cai sold 4,645 shares of the firm’s stock in a transaction dated 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 directly owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Zhiwei Cai sold 4,645 shares of H.B. Fuller stock in a transaction on Monday, April 29th. The shares were sold at an average price of $75.15, for a total value of $349,071.75. Following the completion of the sale, the executive vice president now owns 30,663 shares of the company’s stock, valued at approximately $2,304,324.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Weaver sold 7,292 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total transaction of $573,442.88. Following the transaction, the vice president now directly owns 4,803 shares in the company, valued at $377,707.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,253 shares of company stock worth $2,669,188. 1.96% of the stock is currently owned by company insiders.

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.