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

Fortune Brands Innovations (NYSE:FBIN) issued its quarterly earnings results on Thursday. The company reported $0.98 earnings per share 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 Price Performance

FBIN stock opened at $68.20 on Friday. The company has a market capitalization of $8.47 billion, a P/E ratio of 18.19, a PEG ratio of 2.01 and a beta of 1.50. The company has a fifty day moving average price of $72.32 and a 200-day moving average price of $78.01. 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 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be given a $0.25 dividend. 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 1.47%. The ex-dividend date of this dividend is Friday, February 21st. Fortune Brands Innovations’s dividend payout ratio is 25.60%.

Wall Street Analyst Weigh In

FBIN has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Fortune Brands Innovations from $75.00 to $70.00 and set a “sector perform” rating on the stock in a report on Friday. Evercore ISI dropped their price objective on 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. BMO Capital Markets lifted their target price on Fortune Brands Innovations from $84.00 to $95.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Truist Financial increased their target price on shares of Fortune Brands Innovations from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.