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

H.B. Fuller (NYSE:FUL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.100-4.200 for the period, compared to the consensus estimate of 4.370. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion. H.B. Fuller also updated its FY24 guidance to $4.10-4.20 EPS.

Analysts Set New Price Targets

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

H.B. Fuller Price Performance

FUL opened at $80.86 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.16 and a current ratio of 1.89. The stock 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 stock’s 50 day moving average price is $81.73 and its 200-day moving average price is $79.59. H.B. Fuller has a 52-week low of $64.64 and a 52-week high of $87.67.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.10). H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The company had revenue of $917.93 million for the quarter, compared to analysts’ expectations of $944.04 million. During the same quarter in the prior year, the firm earned $1.06 EPS. H.B. Fuller’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that H.B. Fuller will post 4.4 EPS for the current year.

H.B. Fuller Increases Dividend

The firm 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 annualized dividend and a dividend yield of 1.10%. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 31st. H.B. Fuller’s dividend payout ratio (DPR) is presently 30.38%.

Insider Buying and Selling

In related news, VP Heather Campe sold 23,696 shares of the company’s 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 sale, the vice president now owns 19,742 shares in the company, valued at approximately $1,631,873.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.96% of the stock is currently owned by 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.