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

H.B. Fuller (NYSE:FUL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.840-3.840 for the period, compared to the consensus estimate of 4.160. 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 Stock Down 7.5 %

Shares of H.B. Fuller stock opened at $62.39 on Friday. The firm has a market cap of $3.41 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.24 and a beta of 1.41. The business has a 50-day moving average price of $73.57 and a 200 day moving average price of $77.91. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. H.B. Fuller has a fifty-two week low of $61.71 and a fifty-two week high of $87.67.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Citigroup dropped their price target on H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, H.B. Fuller has an average rating of “Hold” and an average target price of $92.75.

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.