H.B. Fuller (NYSE:FUL) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

H.B. Fuller (NYSE:FUL) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.10), Briefing.com reports. The company had revenue of $917.93 million during the quarter, compared to analysts’ expectations of $944.04 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. H.B. Fuller updated its FY 2024 guidance to 4.100-4.200 EPS and its FY24 guidance to $4.10-4.20 EPS.

H.B. Fuller Stock Performance

NYSE:FUL traded up $0.39 during trading hours on Friday, reaching $81.13. 159,020 shares of the stock were exchanged, compared to its average volume of 306,258. H.B. Fuller has a 52 week low of $64.64 and a 52 week high of $87.67. 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 market capitalization of $4.42 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.32 and a beta of 1.42. The firm has a 50 day simple moving average of $81.73 and a 200-day simple moving average of $79.59.

H.B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.10%. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, July 31st. H.B. Fuller’s dividend payout ratio (DPR) is 30.38%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.