Fortune Brands Home & Security, Inc. (NYSE:FBHS) provider of home security products, is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.05 per share.
Looking ahead, the full year income are expected at $ 3.87 per share on the revenues of $ 5824.11 million.
Previous Quarter Performance
Fortune Brands Home & Security, Inc. unwinded income for the second quarter of $ 0.94 per share, from the revenue of $ 1,376.00 million. The quarterly earnings dropped 8.74 percent while revenues fell 8.70 percent compared with the same quarter last year.
According to street consensus, FBHS was expected to report 2Q20 income of $ 0.59 per share from revenue of $ 1299.81 million. The bottom line results beat street analysts by $ 0.35 or 59.32 percent, at the same time, top line results outshined analysts by $ 76.19 million or 5.86 percent.
Stock Performance
Shares of Fortune Brands Home & Security, Inc. traded low $ -0.27 or -0.33 percent on Tuesday, reaching $ 81.81 with volume of 762.50 thousand shares. Fortune Brands Home & Security, Inc. has traded high as $ 82.74 and has cracked $ 81.47 on the downward trend
According to the previous trading day, closing price of $ 81.81, representing a 142.12 % increase from the 52 week low of $ 33.90 and a 9.74 % decrease over the 52 week high of $ 90.94.
The company has a market capital of $ 11.30 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Recent Analyst recommendations
- On 22nd September 2020, maintained by Deutsche Bank at Buy rating, with $ 87.00 target price.
- On 10th September 2020, upgraded by KeyBanc to Overweight from Sector Weight rating.
Conference Call
Fortune Brands Home & Security, Inc. will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fbhs.com
Fortune Brands Home & Security, Inc., together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.
