H.B. Fuller (NYSE:FUL) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

H.B. Fuller (NYSE:FUL - Get Free Report) issued its earnings results on Wednesday. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.10), Briefing.com reports. The company had revenue of $917.93 million for the quarter, compared to the consensus estimate of $944.04 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. H.B. Fuller's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. H.B. Fuller updated its FY 2024 guidance to 4.100-4.200 EPS and its FY24 guidance to $4.10-4.20 EPS.

H.B. Fuller Stock Up 0.3 %

FUL traded up $0.23 during trading on Thursday, reaching $80.86. The company had a trading volume of 865,005 shares, compared to its average volume of 307,050. The company has a market cap of $4.41 billion, a P/E ratio of 27.60, a PEG ratio of 1.32 and a beta of 1.42. H.B. Fuller has a 12 month low of $64.64 and a 12 month high of $87.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.89 and a quick ratio of 1.16. The business's fifty day moving average price is $81.73 and its 200 day moving average price is $79.59.

H.B. Fuller Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.10%. This is a boost from H.B. Fuller's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 31st. H.B. Fuller's dividend payout ratio is presently 30.38%.

Insider Buying and Selling

In other news, VP Heather Campe sold 23,696 shares of the business's stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $82.66, for a total value of $1,958,711.36. Following the sale, the vice president now directly owns 19,742 shares in the company, valued at $1,631,873.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a report on Wednesday, September 18th.

H.B. Fuller Company Profile

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.