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

Fortune Brands Innovations (NYSE:FBIN) issued an update on its FY 2025 earnings guidance on Thursday morning. 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.

Analysts Set New Price Targets

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

Fortune Brands Innovations Stock Down 0.5 %

Shares of Fortune Brands Innovations stock opened at $68.99 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.32 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $72.52 and a 200 day simple moving average of $78.03. Fortune Brands Innovations has a 12 month low of $62.54 and a 12 month high of $90.54. The stock has a market cap of $8.57 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.09 and a beta of 1.50.

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

Fortune Brands Innovations Increases Dividend

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

About Fortune Brands Innovations

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.