Fortune Brands Home & Security Inc (NYSE:FBHS) Expected to Post Quarterly Sales of $1.53 Billion

Fortune Brands Home & Security Inc (NYSE:FBHS) Expected to Post Quarterly Sales of $1.53 Billion

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Fortune Brands Home & Security (NYSE:FBHS) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $3.53-3.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.66. The company issued revenue guidance of $5.7867805-5.8416315 billion, compared to the consensus revenue estimate of $5.86 billion.Fortune [.]

Brokerages predict that Fortune Brands Home & Security Inc (NYSE:FBHS) will report sales of $1.53 billion for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Fortune Brands Home & Security’s earnings. The lowest sales estimate is $1.52 billion and the highest is $1.54 billion.

Fortune Brands Home & Security, Inc. (FBHS)’s current-quarter revenues are projected to climb by nearly 7% to hit $1.53 billion, based on current zacks consensus estimate. The firm’s full-year revenues are expected to expand by over 6.87% from $5.49 billion to a noteworthy $5.86 billion.

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Fortune Brands Home & Security, Inc. [nyse:fbhs]: analyst rating and Earnings Equities traders oftentimes stay updated on what leading stock market analysts say about a potential stock purchase. When it comes to Fortune Brands Home & Security, Inc. [FBHS], the most recently available average analyst rating is from the quarter that ends in December.

Wall Street analysts forecast that Fortune Brands Home & Security Inc (NYSE:FBHS) will report sales of $1.51 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Fortune Brands Home & Security’s earnings. The lowest sales estimate is $1.48 billion and the highest is $1.52 billion.

Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, Ill., creates products and services that help fulfill the dreams of homeowners and help people feel more secure. The Company’s trusted brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems.

Looking at Fortune Brands Home & Security, Inc.’s (NYSE:FBHS) earnings update in September 2018, analyst consensus outlook appear conservative, with earnings growth rate expected to be 19% next.

According to these analysts, the Low Revenue Estimate for Fortune Brands Home & Security, Inc. is 1.52 Billion and the High Revenue Estimate is 1.55 Billion. The company had Year Ago Sales of 1.43.

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