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

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.150-4.450 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FBIN. UBS Group decreased their target price on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating for the company in a report on Friday. The Goldman Sachs Group dropped 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. Barclays reduced their target price on shares of Fortune Brands Innovations from $91.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday. Royal Bank of Canada lowered their price target on Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Evercore ISI reduced their price objective on Fortune Brands Innovations from $80.00 to $78.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of "Hold" and a consensus target price of $86.64.

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. Fortune Brands Innovations has a 52-week low of $62.54 and a 52-week high of $90.54. 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 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 firm's 50-day moving average is $72.12 and its 200 day moving average is $78.10.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.07). Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.25%. Equities analysts anticipate that Fortune Brands Innovations will post 4.53 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be issued a $0.25 dividend. This is a positive change from Fortune Brands Innovations's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, February 21st. Fortune Brands Innovations's payout ratio is currently 25.60%.

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.