Fortune Brands Home & Security, Inc. (NYSE:FBHS) Given Price Target Of $66.333


As per Fortune Brands Home & Security, Inc. (NYSE:FBHS)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.16 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-26 and 2016-09-14, respectively.

The stock will commence trading ex-dividend from 2016-08-24, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Fortune Brands Home & Security, Inc. (NYSE:FBHS) disbursed $0.16 in dividend compared to distribution of $0.16, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 16.6667%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Fortune Brands Home & Security, Inc. (NYSE:FBHS) to attain a price target of $66.333. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $72. The low price range is set at $58 for next year while the arithmetic mean is seen at 2.

Eyeing Earnings Fortune Brands Home & Security, Inc. (NYSE:FBHS) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.77 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Fortune Brands Home & Security, Inc. (NYSE:FBHS) earnings came at $0.82 suggesting a deviation of $0.09. The brokerages targeted EPS of $0.73 for the quarter.

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