Fortune Brands Innovations (FBIN) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortune Brands Innovations in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FBIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBIN, but not buy additional shares or sell existing shares.
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9 brokerages have issued 12-month price objectives for Fortune Brands Innovations' shares. Their FBIN share price targets range from $63.00 to $95.00. On average, they predict the company's stock price to reach $78.44 in the next year. This suggests a possible upside of 6.0% from the stock's current price.
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Fortune Brands Innovations' stock was trading at $76.14 on January 1st, 2024. Since then, FBIN shares have decreased by 2.8% and is now trading at $74.00.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our FBIN earnings forecast.

Fortune Brands Innovations will be holding an earnings conference call on Tuesday, April 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Fortune Brands Innovations, Inc. (NYSE:FBIN) announced its quarterly earnings data on Tuesday, January, 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a trailing twelve-month return on equity of 22.61% and a net margin of 8.74%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share.

Fortune Brands Innovations declared a quarterly dividend on Tuesday, December 12th. Investors of record on Friday, February 23rd will be given a dividend of $0.24 per share on Wednesday, March 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, February 22nd. This is a boost from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for FBIN.

Fortune Brands Innovations (NYSE:FBIN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.27%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBIN will have a dividend payout ratio of 20.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBIN.

ETFs with the largest weight of Fortune Brands Innovations (NYSE:FBIN) stock in their portfolio include SPDR S&P Homebuilders ETF (XHB), Invesco S&P MidCap Quality ETF (XMHQ), iShares U.S. Home Construction ETF (ITB), Simplify Market Neutral Equity Long/Short ETF (EQLS), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), iShares S&P Mid-Cap 400 Value ETF (IJJ) and Xtrackers S&P MidCap 400 ESG ETF (MIDE).

Fortune Brands Innovations issued an update on its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided EPS guidance of 4.200-4.400 for the period, compared to the consensus earnings per share estimate of 4.190. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.9 billion.

Fortune Brands Innovations' stock is owned by a number of retail and institutional investors. Top institutional investors include Baker Ellis Asset Management LLC (0.05%), Gateway Investment Advisers LLC (0.03%), Alpha Omega Wealth Management LLC (0.02%), FCF Advisors LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.01%) and Clearview Wealth Advisors LLC (0.01%). Insiders that own company stock include Ann F Hackett and Ronald V Waters.
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Shares of FBIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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