H.B. Fuller (NYSE:FUL) Releases FY 2024 Earnings Guidance

H.B. Fuller (NYSE:FUL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.200-4.450 for the period, compared to the consensus EPS estimate of 4.310. The company issued revenue guidance of $3.6 billion-$3.7 billion, compared to the consensus revenue estimate of $3.6 billion. H.B. Fuller also updated its FY24 guidance to $4.20-4.45 EPS.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on H.B. Fuller from $80.00 to $90.00 and gave the stock a neutral rating in a research report on Monday, April 1st. Vertical Research assumed coverage on shares of 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $86.20.

H.B. Fuller Stock Performance

NYSE:FUL traded up $0.02 during mid-day trading on Wednesday, reaching $76.34. 464,707 shares of the company’s stock were exchanged, compared to its average volume of 298,027. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.99. The firm has a market capitalization of $4.16 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48. H.B. Fuller has a one year low of $63.47 and a one year high of $84.31. The business’s fifty day simple moving average is $78.00 and its two-hundred day simple moving average is $78.51.

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

H.B. Fuller Increases Dividend

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

Insider Transactions at H.B. Fuller

In related news, VP Nathan D. Weaver sold 7,292 shares of the firm’s 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 completion of the transaction, the vice president now owns 4,803 shares in the company, valued at approximately $377,707.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Zhiwei Cai sold 4,645 shares of the stock in a transaction on Monday, April 29th. The shares were 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 in the company, valued at $2,304,324.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Weaver sold 7,292 shares of H.B. Fuller 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 of the company’s stock, valued at approximately $377,707.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,253 shares of company stock valued at $2,669,188. 1.96% of the stock is currently owned by 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.