HB Fuller Co (FUL) Releases Earnings Results, Misses Expectations By $-0.01 EPS

HB Fuller Co (FUL) reported quarterly earnings results on Wednesday, Jun-22-2016. The company reported $0.67 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.68. The company posted revenue of $532.50 million in the period, compared to analysts expectations of $538.48 million. The company’s revenue was down -1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on HB Fuller Co. Company shares were Downgraded by Deutsche Bank on Apr 21, 2016 to ” Hold”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Company shares were Upgraded by JP Morgan on Mar 28, 2016 to ” Overweight”, Firm has raised the Price Target to $ 46 from a previous price target of $37 .Company shares were Reiterated by Deutsche Bank on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .

HB Fuller Co closed down -0.09 points or -0.19% at $47.18 with 5,53,417 shares getting traded on Tuesday. Post opening the session at $47.39, the shares hit an intraday low of $46.82 and an intraday high of $47.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 26, 2016, James Owens (President and CEO) sold 2,200 shares at $45.50 per share price. According to the SEC, on Apr 18, 2016, Robert J Martsching (VP, Corporate Controller) sold 4,211 shares at $44.62 per share price. On Apr 4, 2016, Timothy J Keenan (VP, Gen. Counsel & Corp. Sec.) sold 15,700 shares at $42.58 per share price, according to the Form-4 filing with the securities and exchange commission.

H.B. Fuller Company is formulator manufacturer and marketer of adhesives sealants and other specialty chemical products. The Company’s core product offering is Industrial adhesives which are used in manufacturing common consumer and industrial goods including food and beverage containers disposable diapers windows doors flooring appliances sportswear footwear multi-wall bags water filtration products insulation textiles and electronics. The Company has a range of product offerings for residential construction markets such as tile-setting adhesives grout sealants and related products. The Company operates in four segments: Americas Adhesives EIMEA (Europe India Middle East and Africa) Asia Pacific and Construction Products. It has sales operations in over 40 countries in North America Europe Latin America the Asia Pacific region India the Middle East and Africa.

HB Fuller Co

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