Brokerages forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will announce sales of $1.49 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Fortune Brands Home & Security’s earnings. The highest sales estimate is $1.50 billion and the lowest is $1.49 billion. Fortune Brands Home & Security posted sales of $1.38 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 23rd.

On average, analysts expect that Fortune Brands Home & Security will report full year sales of $5.81 billion for the current year, with estimates ranging from $5.79 billion to $5.82 billion. For the next year, analysts forecast that the company will post sales of $6.04 billion, with estimates ranging from $6.01 billion to $6.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fortune Brands Home & Security.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. Fortune Brands Home & Security’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share.

A number of equities analysts have issued reports on FBHS shares. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a research report on Monday, August 5th. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. ValuEngine downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Loop Capital downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research report on Tuesday, July 2nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Hold” and an average target price of $53.00.

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now owns 11,532 shares of the company’s stock, valued at $581,212.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.63% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Artemis Investment Management LLP boosted its position in shares of Fortune Brands Home & Security by 125.0% during the third quarter. Artemis Investment Management LLP now owns 572,220 shares of the industrial products company’s stock worth $30,748,000 after buying an additional 317,877 shares during the period. Gradient Investments LLC boosted its position in shares of Fortune Brands Home & Security by 32.3% during the third quarter. Gradient Investments LLC now owns 35,350 shares of the industrial products company’s stock worth $1,934,000 after buying an additional 8,626 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Fortune Brands Home & Security during the third quarter worth $45,000. State of Alaska Department of Revenue boosted its position in shares of Fortune Brands Home & Security by 49.6% during the third quarter. State of Alaska Department of Revenue now owns 55,491 shares of the industrial products company’s stock worth $3,034,000 after buying an additional 18,409 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Fortune Brands Home & Security by 39.9% during the second quarter. Macquarie Group Ltd. now owns 7,694 shares of the industrial products company’s stock worth $439,000 after buying an additional 2,194 shares during the period. 87.88% of the stock is owned by institutional investors.

FBHS stock traded down $0.20 during mid-day trading on Friday, reaching $55.53. 37,537 shares of the company’s stock were exchanged, compared to its average volume of 1,078,413. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.52. The stock’s 50 day moving average is $52.79 and its 200 day moving average is $52.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69. Fortune Brands Home & Security has a 12-month low of $35.27 and a 12-month high of $58.15.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.88 annualized dividend and a yield of 1.58%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

About Fortune Brands Home & Security

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.

Featured Article: Gap Up Stocks

Get a free copy of the Zacks research report on Fortune Brands Home & Security (FBHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.