Fortune Brands Innovations (NYSE:FBIN - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 3.000-3.300 for the period, compared to the consensus EPS estimate of 3.350. The company issued revenue guidance of -.
Analysts Set New Price Targets
FBIN has been the topic of a number of research analyst reports. Robert W. Baird set a $44.00 price target on shares of Fortune Brands Innovations in a research report on Friday. BMO Capital Markets cut their price objective on Fortune Brands Innovations from $56.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 20th. Bank of America dropped their price objective on Fortune Brands Innovations from $52.00 to $42.00 and set an "underperform" rating for the company in a research note on Monday, April 20th. UBS Group set a $63.00 price target on Fortune Brands Innovations and gave the stock a "buy" rating in a research note on Friday. Finally, Truist Financial lowered their target price on shares of Fortune Brands Innovations from $55.00 to $45.00 and set a "hold" rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.50.
Get Our Latest Stock Report on FBIN
Fortune Brands Innovations Stock Performance
Shares of Fortune Brands Innovations stock traded down $1.12 during trading on Friday, hitting $37.96. 8,664,647 shares of the company's stock were exchanged, compared to its average volume of 2,810,856. The business has a 50-day simple moving average of $42.14 and a 200-day simple moving average of $49.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. Fortune Brands Innovations has a 52-week low of $36.07 and a 52-week high of $64.84. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.95 and a beta of 1.40.
Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the business earned $0.66 earnings per share. The company's quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts forecast that Fortune Brands Innovations will post 3.4 EPS for the current year.
Fortune Brands Innovations Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 22nd. Fortune Brands Innovations's dividend payout ratio is presently 42.11%.
Key Stories Impacting Fortune Brands Innovations
Here are the key news stories impacting Fortune Brands Innovations this week:
- Neutral Sentiment: Fortune Brands reported first-quarter EPS of $0.53 and revenue of $1.01 billion, both in line with Wall Street estimates, which suggests the quarter was solid but not enough to spark a positive surprise.
- Neutral Sentiment: The company said sales grew in brands such as Moen, House of Rohl, and Therma-Tru, but also pointed to “inconsistent execution” and a challenging external environment, which clouds the near-term outlook.
- Positive Sentiment: RBC Capital kept an outperform rating on Fortune Brands Innovations and still sees upside from current levels, even though it lowered its price target from $56 to $50. Benzinga report on RBC price target cut
- Negative Sentiment: Management lowered FY2026 EPS guidance to $3.00-$3.30, below the consensus estimate of $3.35, signaling more caution about profitability for the rest of the year.
- Negative Sentiment: Year-over-year EPS fell from $0.66 to $0.53 and revenue declined 2.1%, reinforcing concerns that growth is slowing.
Institutional Investors Weigh In On Fortune Brands Innovations
A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Fortune Brands Innovations by 0.8% in 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. Empowered Funds LLC increased its holdings in Fortune Brands Innovations by 20.5% in the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company's stock valued at $629,000 after buying an additional 1,761 shares during the period. Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 388 shares in the last quarter. Cetera Investment Advisers raised its position in Fortune Brands Innovations by 7.6% in the 2nd quarter. Cetera Investment Advisers now owns 10,382 shares of the company's stock valued at $534,000 after purchasing an additional 731 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company's stock.
Fortune Brands Innovations Company Profile
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Get Free Report)
Fortune Brands Innovations NYSE: FBIN, formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.
The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.
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