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FBHS

Fortune Brands

$46.55

1.35 (2.99%)

16:07
10/25/18
10/25
16:07
10/25/18
16:07

Fortune Brands reports Q3 EPS ex-items 93c, consensus $1.05

Reports Q3 revenue $1.4B, consensus $1.44B. "In the third quarter we experienced a slower summer market and the impact of Hurricane Florence on our North Carolina operations, which led to eight lost shipping days at the end of the quarter," said Chris Klein, chief executive officer, Fortune Brands. "Despite this our teams managed to grow sales and EPS, and consumer demand for housing and home products remains solid overall. Additionally the momentum in plumbing and doors continues to be strong, and the disciplined action we have taken all year on price and supply chain to offset inflationary pressures is having greater effect. In spite of market uncertainty, we are well-positioned to end 2018 on a positive note and accelerate our performance in 2019 with continued solid execution."

  • 25

    Oct

FBHS Fortune Brands
$46.55

1.35 (2.99%)

10/17/18
FBCO
10/17/18
NO CHANGE
Target $57
FBCO
Outperform
Fortune Brands price target lowered to $57 from $67 at Credit Suisse
Credit Suisse analyst Susan Maklari lowered her price target for Fortune Brands to $57 from $67 based on a DCF assuming EBITDA grows at 4% over the next ten years, a terminal growth rate of 3%, and a WACC of 9%. Consistent pricing over the last 12 months alongside adjustments to the supply chain, ongoing productivity gains and healthy demand, should allow for results to improve into 2019, she contends. The analyst reiterates an Outperform rating on the shares.
10/12/18
10/12/18
DOWNGRADE

Neutral
Masco, Fortune Brands downgraded to Neutral after cabinets survey at Longbow
As previously reported, Longbow analyst Garik Shmois downgraded Masco (MAS) and Fortune Brands (FBHS), both to Neutral from Buy, after the firm's cabinets survey revealed a moderating pace of sales growth. He also cites concerns over the pace of housing growth and subsequent remodeling activity due to rising interest rates. While he maintains a Buy rating on American Woodmark (AMWD), Shmois lowered his price target on the stock to $123 from $156 following the survey.
10/12/18
LBOW
10/12/18
DOWNGRADE
LBOW
Neutral
Fortune Brands downgraded to Neutral from Buy at Longbow
10/02/18
GSCO
10/02/18
INITIATION
Target $64
GSCO
Neutral
Fortune Brands initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Doug Clark initiated Fortune Brands with a Neutral and $64 price target.

TODAY'S FREE FLY STORIES

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DNKEY

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Walker & Dunlop

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GWG Holdings

$15.25

0.05 (0.33%)

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NSA

National Storage

$29.80

-0.195 (-0.65%)

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MOS

Mosaic

$21.62

-0.72 (-3.22%)

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ATIS

Attis Industries

$2.15

0.31 (16.85%)

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FLMN

Falcon Minerals

$7.36

-0.26 (-3.41%)

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TRPX

Therapix Biosciences

$3.24

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EQH

AXA Equitable

$20.96

-0.42 (-1.96%)

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DIS

Disney

$132.78

-1.06 (-0.79%)

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  • 23

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CALX

Calix

$6.38

-0.25 (-3.77%)

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  • 28

    May

BBY

Best Buy

$65.79

-3.47 (-5.01%)

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$179.67

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AVP

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MAXR

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BX

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PLD

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LB

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GWR

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BLMN

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NTAP

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BX

Blackstone

$41.14

-0.56 (-1.34%)

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BX

Blackstone

$41.14

-0.56 (-1.34%)

BAM

Brookfield

$46.55

-0.25 (-0.53%)

GWR

Genesee & Wyoming

$94.01

7.945 (9.23%)

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MFIN

Medallion Financial

$6.44

0.06 (0.94%)

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  • 14

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RVEN

Reven Housing

$4.15

0.1 (2.47%)

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  • 19

    Jun

DWDP

DowDuPont

$30.94

-0.8 (-2.52%)

, DD

Changed to DWDP

$0.00

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DWDP

DowDuPont

$30.94

-0.8 (-2.52%)

DD

Changed to DWDP

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  • 23

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DXC

DXC Technology

$52.00

-2.5 (-4.59%)

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  • 23

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VIX

Volatility Index S&P 500 Options

$0.00

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LGF.A

Lionsgate

$15.96

-0.06 (-0.37%)

, LGF.B

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LGF.A

Lionsgate

$15.96

-0.06 (-0.37%)

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Lionsgate

$15.08

-0.12 (-0.79%)

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  • 23

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GMED

Globus Medical

$40.59

-0.84 (-2.03%)

16:19
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  • 05

    Jun

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