PREVIEW: H.B. Fuller edges lower ahead of results after the bell

H.B. Fuller

28/06/2023 18:29

** Shares of H.B. Fuller Company  FUL.N  slips 0.09% in
afternoon trading Wed ahead of the adhesive manufacturing co's
quarterly results due after the closing bell
    ** Co expected to report a decrease in rev to $969.60 mln
from $993.26 mln in the yr-ago period, while it is expected to
post earnings of $1.04/shr vs $1.11 a yr ago, according to
Refinitiv data
    ** H.B. Fuller has beaten analysts' earnings expectations in
five of the past eight reporting periods, per Refinitiv data,
but missed in two most recent quarters
    ** On March 30, the co said it expects to incur costs of
about $15 mln to $20 mln in implementing a restructuring plan
    ** Analyst ratings on the stock include four "strong buy" or
"buy" recommendations, no "hold" recommendations and one "sell"
rating, based on Refinitiv data
    ** The median 12-mo price target is $82.50​, while the stock
was last at $64.30
    ** Including the session move, FUL is down 10.2% YTD
compared with about a 3% gain in the S&P 600 small-cap index
 .SPCY  in that period​​​

 (Reporting by Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393;
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caroline.valetkevitch.thomsonreuters.com@reuters.net))