HB Fuller (NYSE:FUL) Announces Earnings Results, Beats Expectations By $0.13 EPS

HB Fuller (NYSE:FUL) announced its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13, MarketWatch Earnings reports. HB Fuller had a net margin of 4.43% and a return on equity of 11.89%. The firm had revenue of $675.00 million during the quarter, compared to analysts’ expectations of $664.28 million. During the same period in the previous year, the company earned $0.88 earnings per share. HB Fuller’s quarterly revenue was down 11.2% compared to the same quarter last year. HB Fuller updated its Q3 2020
After-Hours guidance to EPS.

NYSE FUL opened at $42.85 on Friday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 18.00, a P/E/G ratio of 2.39 and a beta of 1.81. HB Fuller has a 52-week low of $23.68 and a 52-week high of $52.40. The firm has a 50-day moving average price of $38.42 and a 200 day moving average price of $40.78. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 1.56.

A number of brokerages recently weighed in on FUL. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus reduced their target price on shares of HB Fuller from $57.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. JPMorgan Chase & Co. raised shares of HB Fuller from a “neutral” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Friday, April 17th. Robert W. Baird reduced their target price on shares of HB Fuller from $50.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Finally, Zacks Investment Research cut shares of HB Fuller from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.29.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Earnings History for HB Fuller (NYSE:FUL)

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