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

H.B. Fuller (NYSE:FUL) updated its FY 2024 earnings guidance on Thursday. 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.

H.B. Fuller Stock Performance

NYSE FUL opened at $62.79 on Friday. The company’s 50 day simple moving average is $73.33 and its two-hundred day simple moving average is $77.80. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16. H.B. Fuller has a 1 year low of $61.71 and a 1 year high of $87.67. The stock has a market capitalization of $3.43 billion, a PE ratio of 19.38, a P/E/G ratio of 1.24 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FUL shares. Citigroup cut 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 research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.25.

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.