The price of Fortune Brands Innovations Inc (NYSE: FBIN) closed at $77.17 in the last session, down -4.26% from day before closing price of $80.60. In other words, the price has decreased by -$3.43 from its previous closing price. On the day, 1221226 shares were traded.
Ratios:
We take a closer look at FBIN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.23.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when WATERS RONALD V sold 2,000 shares for $81.10 per share. The transaction valued at 162,204 led to the insider holds 2,435 shares of the business.
PHYFER CHERI M sold 19,530 shares of FBIN for $1,593,671 on Mar 05 ’24. The EVP, Group President now owns 64,918 shares after completing the transaction at $81.60 per share. On Jun 09 ’23, another insider, HACKETT ANN F, who serves as the Director of the company, sold 4,835 shares for $65.78 each. As a result, the insider received 318,059 and left with 34,815 shares of the company.
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 10.13B and an Enterprise Value of 12.58B. As of this moment, Fortune’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.37, and their Forward P/E ratio for the next fiscal year is 16.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 4.25. Its current Enterprise Value per Revenue stands at 2.72 whereas that against EBITDA is 15.66.
Stock Price History:
Over the past 52 weeks, FBIN has reached a high of $84.92, while it has fallen to a 52-week low of $54.10. The 50-Day Moving Average of the stock is 80.67, while the 200-Day Moving Average is calculated to be 71.58.
Shares Statistics:
According to the various share statistics, FBIN traded on average about 1.05M shares per day over the past 3-months and 887.68k shares per day over the past 10 days. A total of 126.29M shares are outstanding, with a floating share count of 125.49M. Insiders hold about 0.50% of the company’s shares, while institutions hold 89.88% stake in the company. Shares short for FBIN as of Mar 15, 2024 were 2.22M with a Short Ratio of 2.15, compared to 1.94M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.76% and a Short% of Float of 2.03%.
Dividends & Splits
The forward annual dividend rate for FBIN is 0.93, which was 0.93 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.15%, it implies a Forward Annual Dividend Yield of 1.11%. The stock’s 5-year Average Dividend Yield is 1.42.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $0.78 and a low estimate of $0.72, while EPS last year was $0.69. The consensus estimate for the next quarter is $1.2, with high estimates of $1.29 and low estimates of $1.11.
Analysts are recommending an EPS of between $4.4 and $4.17 for the fiscal current year, implying an average EPS of $4.29. EPS for the following year is $4.79, with 17 analysts recommending between $5 and $4.5.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $1.08B. It ranges from a high estimate of $1.1B to a low estimate of $1.07B. As of the current estimate, Fortune Brands Innovations Inc’s year-ago sales were $1.04B, an estimated increase of 3.50% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $1.28B, an increase of 9.70% over than the figure of $3.50% in the same quarter last year. There is a high estimate of $1.33B for the next quarter, whereas the lowest estimate is $1.24B.
A total of 16 analysts have provided revenue estimates for FBIN’s current fiscal year. The highest revenue estimate was $4.89B, while the lowest revenue estimate was $4.81B, resulting in an average revenue estimate of $4.85B. In the same quarter a year ago, actual revenue was $4.63B, up 4.80% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $5.1B in the next fiscal year. The high estimate is $5.23B and the low estimate is $5.03B. The average revenue growth estimate for next year is up 5.30% from the average revenue estimate for this year.
