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.
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.
Read More: How to trade on quiet period expirations
Receive News & Ratings for HB Fuller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HB Fuller and related companies with MarketBeat.com's FREE daily email newsletter.