HB Fuller Co (NYSE:FUL) – Analysts at Seaport Global Securities raised their Q1 2021 earnings per share (EPS) estimates for shares of HB Fuller in a report released on Friday, June 26th. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $0.55 for the quarter, up from their previous forecast of $0.53.
HB Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 24th. The specialty chemicals company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.13. The business had revenue of $675.00 million during the quarter, compared to the consensus estimate of $664.28 million. HB Fuller had a return on equity of 11.89% and a net margin of 4.43%. HB Fuller’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share.
A number of other equities analysts have also weighed in on FUL. Citigroup upped their target price on HB Fuller from $30.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday. Deutsche Bank raised their target price on HB Fuller from $31.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price target on shares of HB Fuller in a research note on Friday, June 26th. TheStreet downgraded HB Fuller from a “b-” rating to a “c+” rating in a research note on Thursday, March 5th. Finally, ValuEngine upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $48.43.
Shares of FUL stock opened at $44.43 on Monday. The stock has a market capitalization of $2.19 billion, a PE ratio of 18.67, a PEG ratio of 2.48 and a beta of 1.81. HB Fuller has a one year low of $23.68 and a one year high of $52.40. The business’s 50 day simple moving average is $39.13 and its 200 day simple moving average is $40.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.89 and a quick ratio of 1.19.
A number of hedge funds have recently modified their holdings of FUL. Penn Capital Management Co. Inc. lifted its position in HB Fuller by 157.2% during the 1st quarter. Penn Capital Management Co. Inc. now owns 96,306 shares of the specialty chemicals company’s stock worth $2,690,000 after acquiring an additional 58,855 shares during the period. Personal Capital Advisors Corp increased its stake in HB Fuller by 19.2% during the 4th quarter. Personal Capital Advisors Corp now owns 131,690 shares of the specialty chemicals company’s stock worth $6,791,000 after buying an additional 21,176 shares during the period. JPMorgan Chase & Co. increased its stake in HB Fuller by 44.4% during the 1st quarter. JPMorgan Chase & Co. now owns 222,646 shares of the specialty chemicals company’s stock worth $6,219,000 after buying an additional 68,437 shares during the period. Nuveen Asset Management LLC increased its stake in HB Fuller by 11.7% during the 1st quarter. Nuveen Asset Management LLC now owns 222,422 shares of the specialty chemicals company’s stock worth $6,212,000 after buying an additional 23,329 shares during the period. Finally, Champlain Investment Partners LLC increased its position in shares of HB Fuller by 9.7% in the 4th quarter. Champlain Investment Partners LLC now owns 1,612,840 shares of the specialty chemicals company’s stock worth $83,174,000 after purchasing an additional 142,060 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.
About HB Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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