Fortune Brands Innovations (NYSE:FBIN - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.750-3.950 for the period, compared to the consensus estimate of 3.807. The company issued revenue guidance of $4.5 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion.
Fortune Brands Innovations Stock Performance
NYSE FBIN traded up $0.63 on Monday, reaching $56.46. 275,992 shares of the company's stock traded hands, compared to its average volume of 2,017,645. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 3.28 and a beta of 1.32. The stock has a 50 day moving average price of $52.57 and a 200-day moving average price of $57.85. Fortune Brands Innovations has a fifty-two week low of $47.21 and a fifty-two week high of $90.54. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 1.97.
Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fortune Brands Innovations had a net margin of 8.75% and a return on equity of 19.85%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. Equities research analysts predict that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.
Fortune Brands Innovations Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Fortune Brands Innovations's dividend payout ratio is 31.45%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on FBIN. Royal Bank Of Canada upgraded shares of Fortune Brands Innovations from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $59.00 to $65.00 in a research report on Friday. Barclays upped their price objective on shares of Fortune Brands Innovations from $67.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday. Robert W. Baird decreased their price objective on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. UBS Group upped their price objective on shares of Fortune Brands Innovations from $82.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Truist Financial set a $65.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.40.
Read Our Latest Report on FBIN
Institutional Trading of Fortune Brands Innovations
A number of institutional investors and hedge funds have recently modified their holdings of FBIN. Empowered Funds LLC increased its stake in shares of Fortune Brands Innovations by 20.5% during the first quarter. Empowered Funds LLC now owns 10,335 shares of the company's stock worth $629,000 after purchasing an additional 1,761 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Fortune Brands Innovations by 83.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company's stock valued at $52,000 after acquiring an additional 388 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Fortune Brands Innovations by 0.8% during the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company's stock valued at $2,539,000 after acquiring an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 87.60% of the company's stock.
About Fortune Brands Innovations
(
Get Free Report)
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.
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