H.B. Fuller (NYSE:FUL) Issues 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.

Analysts Set New Price Targets

Several brokerages have issued reports on FUL. Robert W. Baird increased their price target on H.B. Fuller from $80.00 to $90.00 and gave the stock a neutral rating in a report on Monday, April 1st. Vertical Research assumed coverage on H.B. Fuller in a report on Tuesday, March 19th. They issued a buy rating and a $88.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $86.20.

H.B. Fuller Stock Down 0.0 %

H.B. Fuller stock traded down $0.02 during trading on Wednesday, hitting $76.30. 449,837 shares of the company were exchanged, compared to its average volume of 297,922. The company has a market capitalization of $4.16 billion, a P/E ratio of 27.64, a PEG ratio of 1.21 and a beta of 1.48. The business’s 50 day moving average is $78.00 and its 200 day moving average is $78.51. H.B. Fuller has a 52 week low of $63.47 and a 52 week high of $84.31. 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. The company had revenue of $810.42 million for the quarter, compared to analyst estimates of $823.04 million. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The firm’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. Analysts predict that H.B. Fuller will post 4.33 earnings per share for the current year.

H.B. Fuller Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were issued a $0.222 dividend. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 1.16%. H.B. Fuller’s dividend payout ratio is currently 32.36%.

Insiders Place Their Bets

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

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.