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

H.B. Fuller (NYSE:FUL) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.13 earnings per share (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 analyst estimates of $944.04 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior 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

NYSE:FUL traded down $0.67 during trading hours on Friday, reaching $80.07. 576,928 shares of the company traded hands, compared to its average volume of 308,493. 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’s 50-day moving average is $81.73 and its 200-day moving average is $79.59. The stock has a market cap of $4.37 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.32 and a beta of 1.42. H.B. Fuller has a 1-year low of $64.64 and a 1-year high of $87.67.

H.B. Fuller Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a dividend of $0.2225 per share. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, July 31st. H.B. Fuller’s payout ratio is currently 30.38%.

Insider Transactions at H.B. Fuller

In related news, VP Heather Campe sold 23,696 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the sale, the vice president now owns 19,742 shares of the company’s stock, valued at $1,631,873.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.96% of the company’s stock.

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.