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

Fortune Brands Innovations (NYSE:FBIN) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 4.150-4.450 for the period, compared to the consensus EPS estimate of 4.190. The company issued revenue guidance of $4.6 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Fortune Brands Innovations Stock Down 0.5 %

NYSE FBIN traded down $0.36 on Thursday, reaching $68.99. The company had a trading volume of 2,010,790 shares, compared to its average volume of 1,431,590. The company’s fifty day moving average is $72.70 and its 200-day moving average is $78.10. Fortune Brands Innovations has a 1-year low of $62.54 and a 1-year high of $90.54. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.69 and a current ratio of 1.32.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.07). Fortune Brands Innovations had a return on equity of 22.22% and a net margin of 9.61%. On average, research analysts forecast that Fortune Brands Innovations will post 4.19 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.45%. Fortune Brands Innovations’s payout ratio is 27.04%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FBIN. Barclays dropped their target price on Fortune Brands Innovations from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Truist Financial increased their price objective on Fortune Brands Innovations from $82.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Evercore ISI lowered their target price on shares of Fortune Brands Innovations from $80.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Fortune Brands Innovations from $84.00 to $95.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.36.

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.