Revenue Update on HB Fuller Co(NYSE:FUL)

HB Fuller Co(NYSE:FUL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jun 22, 2016. Company reported revenue of $532.51M. Analysts estimated a revenue of $537.73M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.68.

In a different note, On Apr 21, 2016, Deutsche Bank said it Downgrades its rating on HB Fuller Co. The shares have been rated ‘Hold’ by the firm. On Mar 28, 2016, JP Morgan said it Upgrades its rating on HB Fuller Co. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 28, 2016, Deutsche Bank said it Maintains its rating on HB Fuller Co. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm.

HB Fuller Co (FUL) shares turned negative on Mondays trading session with the shares closing down -1.69 points or -3.88% at a volume of 4,27,045. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.06. The peak price level was also seen at $43.06 while the days lowest was $41.7. Finally the shares closed at $41.89. The 52-week high of the shares is $48.49 while the 52-week low is $30.7201. According to the latest information available, the market cap of the company is $2,094 M.

Several Insider Transactions has been reported to the SEC. On Apr 26, 2016, James Owens (President and CEO) sold 2,200 shares at $45.50 per share price.Also, 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.

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