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 $4.10-4.20 for the period, compared to the consensus estimate of $4.37. The company issued revenue guidance of $3.58 billion, compared to the consensus revenue estimate of $3.62 billion. H.B. Fuller also updated its FY 2024 guidance to 4.100-4.200 EPS.

Wall Street Analysts Forecast Growth

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

H.B. Fuller Stock Down 0.8 %

FUL stock opened at $80.07 on Friday. H.B. Fuller has a twelve month low of $64.64 and a twelve month high of $87.67. The firm has a market capitalization of $4.37 billion, a PE ratio of 27.33, a PEG ratio of 1.32 and a beta of 1.42. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.13. The stock has a 50-day simple moving average of $81.68 and a two-hundred day simple moving average of $79.59.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.10). H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The firm had revenue of $917.93 million for the quarter, compared to analysts’ expectations of $944.04 million. During the same period in the prior year, the firm posted $1.06 EPS. H.B. Fuller’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that H.B. Fuller will post 4.4 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a $0.2225 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.89 annualized dividend and a dividend yield of 1.11%. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.22. H.B. Fuller’s dividend payout ratio is presently 30.38%.

Insider Activity at H.B. Fuller

In other news, VP Heather Campe sold 23,696 shares of H.B. Fuller stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the completion of the sale, the vice president now owns 19,742 shares in the company, valued at approximately $1,631,873.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.96% of the stock is owned by corporate 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.