Fortune Brands Innovations (NYSE:FBIN) Issues 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 -.

Fortune Brands Innovations Price Performance

Shares of FBIN stock traded up $0.17 during trading hours on Friday, hitting $51.26. The stock had a trading volume of 2,319,590 shares, compared to its average volume of 1,440,625. The stock's 50-day moving average price is $56.44 and its two-hundred day moving average price is $67.66. Fortune Brands Innovations has a one year low of $47.21 and a one year high of $90.54. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.25 and a quick ratio of 0.65.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Fortune Brands Innovations had a return on equity of 22.05% and a net margin of 10.24%. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the firm earned $0.83 EPS. The company's revenue for the quarter was down 6.9% on a year-over-year basis. Equities analysts forecast that Fortune Brands Innovations will post 4.24 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Fortune Brands Innovations from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday. Robert W. Baird lowered their price objective on Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday. UBS Group decreased their price target on Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating on the stock in a report on Wednesday. Royal Bank of Canada dropped their price objective on shares of Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating for the company in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fortune Brands Innovations in a research note on Tuesday, April 1st. They issued a "hold" rating and a $70.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $77.17.

Insider Activity at Fortune Brands Innovations

In related news, EVP Kristin Papesh bought 483 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $61.99 per share, for a total transaction of $29,941.17. Following the purchase, the executive vice president now directly owns 7,617 shares of the company's stock, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ron Wilson sold 1,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $68.94, for a total transaction of $103,410.00. Following the sale, the executive vice president now directly owns 10,066 shares in the company, valued at approximately $693,950.04. This represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Fortune Brands Innovations Company Profile

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.