Fortune Brands Innovations (NYSE:FBIN) Releases Earnings Results, Misses Estimates By $0.07 EPS

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) posted its earnings results on Thursday. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.07), Zacks reports. Fortune Brands Innovations had a return on equity of 22.25% and a net margin of 10.24%. Fortune Brands Innovations updated its FY 2025 guidance to 4.150-4.450 EPS.

Fortune Brands Innovations Stock Up 0.7 %

Shares of Fortune Brands Innovations stock traded up $0.50 on Monday, hitting $68.59. 2,597,648 shares of the company's stock traded hands, compared to its average volume of 1,569,786. The stock has a market cap of $8.52 billion, a P/E ratio of 18.29, a PEG ratio of 2.01 and a beta of 1.50. 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 firm's 50-day moving average is $72.12 and its 200 day moving average is $78.10. Fortune Brands Innovations has a 52-week low of $62.54 and a 52-week high of $90.54.

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 a boost from Fortune Brands Innovations's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, February 21st. Fortune Brands Innovations's dividend payout ratio is 25.60%.

Analysts Set New Price Targets

FBIN has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price 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. The Goldman Sachs Group dropped their target price 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. Robert W. Baird lowered their price objective on shares of Fortune Brands Innovations from $94.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Evercore ISI lowered their price objective on shares of Fortune Brands Innovations from $80.00 to $78.00 and set an "in-line" rating for the company in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price objective on shares of Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $86.64.

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.