H. B. Fuller Company (NYSE:FUL) Plans Quarterly Dividend of $0.24

Key Points

• H. B. Fuller Company has announced a quarterly dividend of $0.24 per share, payable on October 30th to stockholders of record as of October 16th, resulting in an annualized yield of 1.6%.
• The company reported earnings of $1.26 EPS for the last quarter, exceeding expectations, but revenue fell short of analyst estimates at $892.04 million.
• Analysts have a consensus rating of "Moderate Buy" on H. B. Fuller stock, with a price target averaging $65.75, indicating mixed sentiments regarding future performance.

H. B. Fuller Company (NYSE:FUL - Get Free Report) declared a quarterly dividend on Thursday, October 2nd, RTT News reports. Stockholders of record on Thursday, October 16th will be given a dividend of 0.235 per share by the specialty chemicals company on Thursday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%.

H. B. Fuller has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H. B. Fuller to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 19.7%.

H. B. Fuller Stock Up 0.6%

Shares of FUL stock traded up $0.34 on Thursday, reaching $58.98. 167,267 shares of the company were exchanged, compared to its average volume of 469,672. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 1.07 and a beta of 1.12. The company has a 50-day moving average of $59.58 and a 200-day moving average of $57.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18. H. B. Fuller has a one year low of $47.56 and a one year high of $81.03.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.02. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. The company had revenue of $892.04 million for the quarter, compared to analysts' expectations of $894.60 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The business's revenue was down 2.8% on a year-over-year basis. H. B. Fuller has set its FY 2025 guidance at 4.100-4.250 EPS. Analysts anticipate that H. B. Fuller will post 4.07 earnings per share for the current year.

Analyst Ratings Changes

FUL has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, June 27th. Seaport Res Ptn upgraded shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Citigroup lowered their target price on shares of H. B. Fuller from $70.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 26th. Finally, Robert W. Baird upped their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $65.75.

About H. B. Fuller

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.

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