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In the latest session, Fortune Brands Innovations Inc (NYSE: FBIN) closed at $68.99 up 0.04% from its previous closing price of $68.96. In other words, the price has increased by $0.04 from its previous closing price. On the day, 1.49 million shares were traded. FBIN stock price reached its highest trading level at $69.63 during the session, while it also had its lowest trading level at $68.08.
Ratios:
For a deeper understanding of Fortune Brands Innovations Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 1.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on January 31, 2024, Downgraded its rating to Market Perform and sets its target price to $82 from $76 previously.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 12 ’24 when Sheri Grissom bought 16,202 shares for $76.89 per share.
HACKETT ANN F sold 2,197 shares of FBIN for $174,414 on Aug 27 ’24. The Director now owns 34,815 shares after completing the transaction at $79.39 per share. On Aug 27 ’24, another insider, HACKETT ANN F, who serves as the Director of the company, bought 2,197 shares for $80.92 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FBIN now has a Market Capitalization of 8570351616 and an Enterprise Value of 11130626048. As of this moment, Fortune’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.41, and their Forward P/E ratio for the next fiscal year is 15.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 3.58. Its current Enterprise Value per Revenue stands at 2.385 whereas that against EBITDA is 11.443.
Stock Price History:
The Beta on a monthly basis for FBIN is 1.52, which has changed by -0.12141675 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, FBIN has reached a high of $90.54, while it has fallen to a 52-week low of $62.54. The 50-Day Moving Average of the stock is -5.99%, while the 200-Day Moving Average is calculated to be -8.78%.
Shares Statistics:
For the past three months, FBIN has traded an average of 1.24M shares per day and 1363200 over the past ten days. A total of 124.36M shares are outstanding, with a floating share count of 123.42M. Insiders hold about 0.65% of the company’s shares, while institutions hold 92.09% stake in the company. Shares short for FBIN as of 1736899200 were 4475172 with a Short Ratio of 3.60, compared to 1734048000 on 2861160. Therefore, it implies a Short% of Shares Outstanding of 4475172 and a Short% of Float of 4.1500002.
Dividends & Splits
According to the company, the forward annual dividend rate for FBIN is 0.96, from 0.95 in the trailing year. Against a Trailing Annual Dividend Yield of 0.013776102The stock’s 5-year Average Dividend Yield is 1.36. The current Payout Ratio is 29.04% for FBIN, which recently paid a dividend on 2024-11-22 with an ex-dividend date of 1740096000. Stock splits for the company last occurred on 2022-12-15 when the company split stock in a 117:100 ratio.
Earnings Estimates
The dynamic stock of Fortune Brands Innovations Inc (FBIN) is currently attracting attention from 18.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.87, with high estimates of $0.91 and low estimates of $0.83.
Analysts are recommending an EPS of between $4.25 and $3.97 for the fiscal current year, implying an average EPS of $4.19. EPS for the following year is $4.5, with 19.0 analysts recommending between $4.7 and $4.31.
Revenue Estimates
A total of 16 analysts believe the company’s revenue will be $1.15B this quarter.It ranges from a high estimate of $1.16B to a low estimate of $1.13B. As of the current estimate, Fortune Brands Innovations Inc’s year-ago sales were $1.16BFor the next quarter, 16 analysts are estimating revenue of $1.11B. There is a high estimate of $1.14B for the next quarter, whereas the lowest estimate is $1.09B.
A total of 17 analysts have provided revenue estimates for FBIN’s current fiscal year. The highest revenue estimate was $4.67B, while the lowest revenue estimate was $4.63B, resulting in an average revenue estimate of $4.65B. In the same quarter a year ago, actual revenue was $4.63BBased on 17 analysts’ estimates, the company’s revenue will be $4.78B in the next fiscal year. The high estimate is $4.85B and the low estimate is $4.7B.
