Fortune Brands Innovations (FBIN) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortune Brands Innovations in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FBIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBIN, but not buy additional shares or sell existing shares.
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11 brokerages have issued 1-year price targets for Fortune Brands Innovations' stock. Their FBIN share price forecasts range from $48.00 to $90.00. On average, they anticipate the company's share price to reach $73.09 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
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Fortune Brands Innovations' stock was trading at $57.11 at the beginning of the year. Since then, FBIN stock has increased by 8.8% and is now trading at $62.16.
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Fortune Brands Innovations saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,710,000 shares, an increase of 12.7% from the August 31st total of 4,180,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 4.5 days. Approximately 3.7% of the shares of the stock are short sold.
View Fortune Brands Innovations' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our FBIN earnings forecast.

Fortune Brands Innovations, Inc. (NYSE:FBIN) issued its earnings results on Thursday, July, 27th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. The company earned $1.16 billion during the quarter, compared to analysts' expectations of $1.17 billion. Fortune Brands Innovations had a net margin of 9.29% and a trailing twelve-month return on equity of 25.43%. The business's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS.

Fortune Brands Innovations announced a quarterly dividend on Tuesday, September 19th. Investors of record on Friday, November 24th will be given a dividend of $0.23 per share on Wednesday, December 13th. This represents a $0.92 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, November 22nd.
Read our dividend analysis for FBIN.

ETFs with the largest weight of Fortune Brands Innovations (NYSE:FBIN) stock in their portfolio include SPDR S&P Homebuilders ETF (XHB), Invesco S&P MidCap Quality ETF (XMHQ), iShares U.S. Home Construction ETF (ITB), WisdomTree U.S. Value Fund (WTV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), SPDR S&P 400 Mid Cap Value ETF (MDYV) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).

Fortune Brands Innovations (NYSE:FBIN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.47%. The dividend payout ratio is 23.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBIN will have a dividend payout ratio of 20.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBIN.

Fortune Brands Innovations issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $3.75-$3.90 for the period, compared to the consensus earnings per share estimate of $3.81. The company issued revenue guidance of $4.63 billion-$4.72 billion, compared to the consensus revenue estimate of $4.55 billion.

Fortune Brands Innovations trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBIN."

Shares of FBIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FBIN stock can currently be purchased for approximately $62.16.

Fortune Brands Innovations (NYSE:FBIN) has a market capitalization of $7.89 billion and generates $4.53 billion in revenue each year. The company earns $686.70 million in net income (profit) each year or $3.88 on an earnings per share basis.

The company employs 11,200 workers across the globe.

Fortune Brands Innovations' mailing address is 520 LAKE COOK ROAD, DEERFIELD IL, 60015. The official website for the company is www.fbin.com. The company can be reached via phone at (847) 484-4400, via email at investor.questions@fbhs.com, or via fax at 302-636-5454.