The Saint Paul, Minnesota based HB Fuller Co’s (NYSE:FUL) stock climbed on Tuesday after the specialty chemical corporation boosted its earnings outlook for full fiscal year.
HB Fuller announced late Monday that it made $1.9 million or 4 cents a share in earning during its second quarter. That’s evaluated against $25.1 million or 50 cents a share in previous year. The company reported net income of 56 cents a share on adjusted basis.
HB Fuller’s revenue moved up over 43% to $527 million for the three months period ended June 2.
FactSet analysts survey projected the corporation would make 55 cents a share in earnings on an adjusted based in the most recent quarter and post $536.2 million of revenue.
HB Fuller Co (NYSE:FUL) on June 26, 2012 increased +8.11% to the closing price of $31.06. The overall volume in the last trading session was 1.04 million shares. Its fifty two week range was $16.92-$33.48. The total market capitalization remained $1.55 billion.
FUL is ahead its 52 week low with +85.31% and going forward from its 52 week high price with -6.97%. FUL last month stock price volatility remained 2.67%. In its share capital FUL has 49.89 million outstanding shares among them 49.68 million shares have been floated in market exchange. FUL stock institutional ownership remained 87.77% while insider ownership included 0.76%.
The stock price of FUL is moving forward from its 20 days moving average with +2.46% and remote negatively from 50 days moving average with -0.58%. FUL current year earnings per share experienced an addition with +25.07% while its current quarter performance remained -1.46%. Company’s beta coefficient included 1.41. Beta factors measures the amount of market risk associated with market trade.
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