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

H.B. Fuller (NYSE:FUL) posted 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 firm had revenue of $917.93 million for the quarter, compared to analysts’ expectations of $944.04 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. H.B. Fuller’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $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 Price Performance

FUL stock opened at $80.86 on Friday. H.B. Fuller has a 1 year low of $64.64 and a 1 year high of $87.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.16. The firm has a market capitalization of $4.41 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The business 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders 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 a positive change 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%.

Insider Buying and Selling

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 19,742 shares in the company, valued at approximately $1,631,873.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th.

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.