H.B. Fuller (NYSE:FUL) Updates FY 2024 Earnings Guidance

H.B. Fuller (NYSE:FUL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.840-3.840 for the period, compared to the consensus earnings per share estimate of 4.160. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion.

Analyst Upgrades and Downgrades

Several research firms recently commented on FUL. Citigroup reduced their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Stock Performance

FUL opened at $62.79 on Friday. The company’s 50 day moving average is $73.33 and its 200 day moving average is $77.80. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.24 and a beta of 1.41. H.B. Fuller has a 12-month low of $61.71 and a 12-month high of $87.67.

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.