Fortune Brands Innovations (NYSE:FBIN) Releases FY 2025 Earnings Guidance

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.700-4.200 for the period, compared to the consensus estimate of 4.150. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FBIN. Royal Bank of Canada cut their price target on shares of Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group cut their price target on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Barclays cut their price target on shares of Fortune Brands Innovations from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday. Truist Financial set a $65.00 price objective on shares of Fortune Brands Innovations in a research note on Wednesday. Finally, Robert W. Baird dropped their price objective on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $77.17.

Fortune Brands Innovations Stock Performance

Shares of Fortune Brands Innovations stock traded up $5.66 on Monday, reaching $56.97. 2,583,354 shares of the stock were exchanged, compared to its average volume of 1,448,528. Fortune Brands Innovations has a 1-year low of $47.21 and a 1-year high of $90.54. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average price of $56.44 and a two-hundred day moving average price of $67.39. The firm has a market capitalization of $6.85 billion, a PE ratio of 15.22, a PEG ratio of 2.00 and a beta of 1.49.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.66. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.05%. The business's revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. As a group, research analysts anticipate that Fortune Brands Innovations will post 4.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kristin Papesh acquired 483 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $61.99 per share, with a total value of $29,941.17. Following the completion of the acquisition, the executive vice president now owns 7,617 shares in the company, valued at approximately $472,177.83. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.