News stories about Fortune Brands Home & Security (NYSE:FBHS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortune Brands Home & Security earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.9191829998737 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have recently commented on FBHS. Loop Capital began coverage on shares of Fortune Brands Home & Security in a report on Thursday, March 1st. They issued a “buy” rating and a $77.00 price target for the company. Gabelli upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, February 12th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Monday, February 5th. Barclays reduced their price objective on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Nomura cut their price target on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.57.
Shares of Fortune Brands Home & Security (FBHS) traded down $0.35 during mid-day trading on Wednesday, reaching $62.22. 171,883 shares of the company’s stock traded hands, compared to its average volume of 1,632,602. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $9,536.41, a price-to-earnings ratio of 20.45, a PEG ratio of 1.43 and a beta of 1.42. Fortune Brands Home & Security has a one year low of $59.11 and a one year high of $73.62.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. sell-side analysts anticipate that Fortune Brands Home & Security will post 3.63 EPS for the current fiscal year.
Fortune Brands Home & Security announced that its board has authorized a share repurchase program on Monday, December 11th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $71.50, for a total transaction of $357,500.00. Following the sale, the director now owns 21,674 shares of the company’s stock, valued at $1,549,691. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.61% of the stock is currently owned by company insiders.
About Fortune Brands Home & Security
Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.
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