H.B. Fuller (NYSE:FUL) Updates FY24 Earnings Guidance

H.B. Fuller (NYSE:FUL) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.10-4.20 for the period, compared to the consensus earnings per share estimate of $4.37. The company issued revenue guidance of $3.58 billion, compared to the consensus revenue estimate of $3.62 billion. H.B. Fuller also updated its FY 2024 guidance to 4.100-4.200 EPS.

H.B. Fuller Price Performance

Shares of NYSE FUL opened at $80.68 on Thursday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.32 and a beta of 1.42. H.B. Fuller has a 52 week low of $64.64 and a 52 week high of $87.67. The company’s 50-day moving average price is $81.79 and its 200 day moving average price is $79.58. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The firm had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $914.22 million. During the same period in the prior year, the company earned $0.93 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that H.B. Fuller will post 4.4 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of H.B. Fuller from a buy rating to a hold rating in a research note on Wednesday, September 18th.

Insider Buying and Selling

In related news, VP Heather Campe sold 23,696 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $82.66, for a total value of $1,958,711.36. Following the sale, the vice president now directly owns 19,742 shares of the company’s stock, valued at $1,631,873.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.96% of the company’s stock.

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.