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

Key Points

• Fortune Brands Innovations provided its FY 2025 earnings guidance, estimating EPS between 3.750 and 3.950, slightly above the consensus estimate of 3.807.
• The company reported a quarterly dividend of $0.25 per share, reflecting a 1.8% yield, with the dividend expected to be paid on September 10th.
• Fortune Brands Innovations' stock saw a modest increase of 0.4%, closing at $54.67, with a market cap of $6.57 billion.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.750-3.950 for the period, compared to the consensus EPS 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 Up 0.4%

FBIN traded up $0.21 on Thursday, reaching $54.67. 3,793,945 shares of the company traded hands, compared to its average volume of 2,014,435. The stock's 50 day moving average price is $52.38 and its 200-day moving average price is $58.31. Fortune Brands Innovations has a 52-week low of $47.21 and a 52-week high of $90.54. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.31 and a beta of 1.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.41 and a quick ratio of 0.72.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, meeting 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 9.42% and a return on equity of 20.96%. Fortune Brands Innovations's revenue was down 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. On average, sell-side analysts expect that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 22nd. Fortune Brands Innovations's payout ratio is 29.33%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FBIN. Robert W. Baird lowered their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. UBS Group reduced their price target on shares of Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Fortune Brands Innovations from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Royal Bank Of Canada reduced 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 report on Wednesday, May 7th. Finally, Truist Financial set a $65.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Fortune Brands Innovations presently has an average rating of "Hold" and an average price target of $76.60.

Hedge Funds Weigh In On Fortune Brands Innovations

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its position in shares of Fortune Brands Innovations by 83.6% during the first quarter. Geneos Wealth Management Inc. now owns 852 shares of the company's stock worth $52,000 after purchasing an additional 388 shares during the period. Empowered Funds LLC raised its position 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 during the period. Finally, Royal Bank of Canada raised its position in shares of Fortune Brands Innovations by 0.8% during the first quarter. Royal Bank of Canada now owns 41,713 shares of the company's stock worth $2,539,000 after purchasing an additional 324 shares during the period. 87.60% of the stock is currently owned by institutional investors.

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.

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