H.B. Fuller (NYSE:FUL) Issues 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 (EPS) guidance of $4.10-4.20 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

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

H.B. Fuller Stock Performance

H.B. Fuller stock opened at $80.07 on Friday. The firm has a fifty day simple moving average of $81.68 and a two-hundred day simple moving average of $79.59. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.13. H.B. Fuller has a twelve month low of $64.64 and a twelve month high of $87.67. The company has a market capitalization of $4.37 billion, a PE ratio of 27.33, a P/E/G ratio of 1.32 and a beta of 1.42.

H.B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $944.04 million. During the same period last year, the firm posted $1.06 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts expect that H.B. Fuller will post 4.4 EPS for the current year.

H.B. Fuller Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a $0.2225 dividend. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 31st. This represents a $0.89 annualized dividend and a dividend yield of 1.11%. H.B. Fuller’s dividend payout ratio (DPR) is currently 30.38%.

Insider Activity at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the firm’s stock in a transaction 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 owns 19,742 shares of the company’s stock, valued at approximately $1,631,873.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.96% of the stock is currently owned by company insiders.

About H.B. Fuller

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.