Analysts Offer Predictions for H.B. Fuller’s FY2024 Earnings (NYSE:FUL)

H.B. Fuller (NYSE:FUL) – Analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of H.B. Fuller in a research note issued on Thursday, June 27th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $4.31 for the year, up from their previous forecast of $4.26. The consensus estimate for H.B. Fuller’s current full-year earnings is $4.35 per share. Seaport Res Ptn also issued estimates for H.B. Fuller’s Q4 2024 earnings at $1.29 EPS, Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.48 EPS and FY2025 earnings at $5.18 EPS.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. The business had revenue of $917.10 million during the quarter, compared to analyst estimates of $914.22 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS.

Several other research firms have also issued reports on FUL. Robert W. Baird raised their price objective 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 began coverage on H.B. Fuller in a research note on Tuesday, March 19th. They set a “buy” rating and a $88.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.75.

H.B. Fuller Price Performance

NYSE:FUL opened at $76.96 on Monday. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.22 and a beta of 1.48. H.B. Fuller has a 1 year low of $63.72 and a 1 year high of $84.31. The business has a 50 day simple moving average of $78.01 and a 200-day simple moving average of $78.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.23.

Institutional Investors Weigh In On H.B. Fuller

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in H.B. Fuller during the 1st quarter valued at $79,000. BNP Paribas Financial Markets raised its position in H.B. Fuller by 9.9% during the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock valued at $3,600,000 after purchasing an additional 4,077 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in H.B. Fuller during the 1st quarter valued at $773,000. Security National Bank of SO Dak purchased a new position in shares of H.B. Fuller in the 4th quarter valued at $236,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of H.B. Fuller by 1.6% in the 4th quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 179 shares during the period. 95.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP James J. East sold 22,316 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other H.B. Fuller news, EVP James J. East sold 22,316 shares of H.B. Fuller stock in a transaction on Monday, April 8th. The stock was sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at $2,304,324.45. The disclosure for this sale can be found here. In the last three months, insiders sold 34,253 shares of company stock valued at $2,669,188. Insiders own 1.96% of the company’s stock.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were paid a dividend of $0.222 per share. 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 dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, April 24th. H.B. Fuller’s dividend payout ratio (DPR) is currently 30.38%.

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.