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Fortune Brands Innovations (FBIN)
NYSE:FBIN
Fortune Brands Innovations (FBIN) Stock Price & Analysis
402 Followers
FBIN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.10 - $84.92
Previous Close$71.39
Volume1.11M
Average Volume (3M)1.36M
Market Cap
$8.93B
Enterprise Value$11.38B
Total Cash (Recent Filing)$366.40M
Total Debt (Recent Filing)$2.81B
Price to Earnings (P/E)21.8
Beta1.55
Next Earnings
Jul 25, 2024EPS Estimate
$1.12Last Dividend Ex-Date
May 23, 2024Dividend Yield1.31%
Share Statistics
EPS (TTM)3.27
Shares Outstanding125,078,708
10 Day Avg. Volume1,712,196
30 Day Avg. Volume1,359,984
Standard Deviation0.11
R-Squared0.59
Alpha-0.00397
Financial Highlights & Ratios
Price to Book (P/B)-8.67
Price to Sales (P/S)7.23
Price to Cash Flow (P/CF)9.50
P/FCF Ratio13.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.46
Enterprise Value/Gross Profit5.95
Enterprise Value/Ebitda61.16
Forecast
1Y Price Target
$82.67Price Target Upside15.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Fortune Brands Innovations News
PremiumPre-Earnings
Is FBIN a Buy, Before Earnings?
PremiumCompany Announcements
Fortune Brands Innovations EVP Sheri Grissom Announces Retirement
Bulls Say, Bears Say
Bulls Say
AcquisitionsManagement noted recent acquisitions continue to perform well, including the addition of SpringWell in 1Q that brings an entry into the $4 billion and growing US residential water filtration and quality market.
EarningsFortune Brands reported 1Q adjusted EPS of $0.83, ahead of analyst's $0.78 estimate and FactSet consensus of $0.75.
Financial PerformanceOperating EPS, sales growth, and operating margins exceeded guidance largely driven by better-than-expected sales and margins in Water Innovations and Outdoors.
Bears Say
Demand TrendsDemand remains mixed: single-family new construction was a bright spot, but repair & remodel demand (plumbing) and consumer (security) trends still appear soft.
Operating Margins2Q will face operating margin headwinds from the opening of two facilities, including a West Coast distribution center and a UK production facility.
ValuationUnderperform rating reiterated given the challenging macro backdrop in repair and remodel spending and FBIN's premium valuation relative to peers.
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Ownership Overview
1.81% Insiders
33.24% Mutual Funds
25.29% Other Institutional Investors
39.67% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FBIN FAQ
What was Fortune Brands Innovations’s price range in the past 12 months?
Fortune Brands Innovations lowest stock price was $54.10 and its highest was $84.92 in the past 12 months.
What is Fortune Brands Innovations’s market cap?
Currently, no data Available
When is Fortune Brands Innovations’s upcoming earnings report date?
Fortune Brands Innovations’s upcoming earnings report date is Jul 25, 2024 which is in 2 days.
How were Fortune Brands Innovations’s earnings last quarter?
Fortune Brands Innovations released its earnings results on Apr 30, 2024. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.748 by $0.082.
Is Fortune Brands Innovations overvalued?
According to Wall Street analysts Fortune Brands Innovations’s price is currently Undervalued.
Does Fortune Brands Innovations pay dividends?
Fortune Brands Innovations pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 1.31%. See more information on Fortune Brands Innovations dividends here
What is Fortune Brands Innovations’s EPS estimate?
Fortune Brands Innovations’s EPS estimate is $1.12.
How many shares outstanding does Fortune Brands Innovations have?
Fortune Brands Innovations has 125,078,705 shares outstanding.
What happened to Fortune Brands Innovations’s price movement after its last earnings report?
Fortune Brands Innovations reported an EPS of $0.83 in its last earnings report, beating expectations of $0.748. Following the earnings report the stock price went down -2.718%.
Which hedge fund is a major shareholder of Fortune Brands Innovations?
Among the largest hedge funds holding Fortune Brands Innovations’s share is Pzena Investment Management LLC. It holds Fortune Brands Innovations’s shares valued at 28M.
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Fortune Brands Innovations Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$82.67 (15.91% Upside)
$82.67 (15.91% Upside)
Blogger Sentiment
Bullish
FBIN Sentiment 66%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 361.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 2.3%
Last 30 Days ▲ 2.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.17%
12-Months-Change
Fundamentals
Return on Equity
19.08%
Trailing 12-Months
Asset Growth
13.71%
Trailing 12-Months
Company Description
Fortune Brands Innovations
Fortune Brands Home & Security, Inc. manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts. The Plumbing segment involves faucets, accessories, and kitchen sinks. The Doors segment comprises of fiberglass and steel entry door systems. The Security segment offers locks, safety and security devices, and electronic security products manufactured, sourced, and distributed under the Master Lock brand. Its brands include master lock security products, masterbrand cabinets, Moen faucets, Simonton windows, and Therma-Tru entry door systems. The company was founded on June 9, 1988 and is headquartered in Deerfield, IL.
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FBIN Earnings Call
Q1 2024
0:00 / 0:00
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FBIN Stock 12 Month Forecast
Average Price Target
$82.67
▲(15.91% Upside)
Technical Analysis
Best Analysts Covering FBIN
1 Year
1 Year Success Rate
12/14 ratings generated profit
1 Year Average Return
+20.09%
reiterated a buy rating 14 days ago
Copying Keith Hughes's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +20.09% per trade.
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