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Fortune Brands Innovations Inc (NYSE: FBIN) closed the day trading at $73.53 down -1.49% from the previous closing price of $74.64. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 0.75 million shares were traded. FBIN stock price reached its highest trading level at $75.28 during the session, while it also had its lowest trading level at $72.57.
Ratios:
For a better understanding of FBIN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.60. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 9242793984 and an Enterprise Value of 11758340096. As of this moment, Fortune’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.22, and their Forward P/E ratio for the next fiscal year is 15.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 2.542 whereas that against EBITDA is 13.469.
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 -8.07%, while the 200-Day Moving Average is calculated to be 2.34%.
Shares Statistics:
Over the past 3-months, FBIN traded about 1.09M shares per day on average, while over the past 10 days, FBIN traded about 1054130 shares per day. 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 89.83% stake in the company. Shares short for FBIN as of 1711584000 were 2261568 with a Short Ratio of 2.08, compared to 1709164800 on 2263916. Therefore, it implies a Short% of Shares Outstanding of 2261568 and a Short% of Float of 2.07.
Dividends & Splits
FBIN’s forward annual dividend rate is 0.93, up from 0.93 a year ago. Against a Trailing Annual Dividend Yield of 0.012459807The stock’s 5-year Average Dividend Yield is 1.41.
Earnings Estimates
Investors are keenly observing as 14.0 analysts analyze and rate the current performance of Fortune Brands Innovations Inc (FBIN) in the stock market.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 $1.12.
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 17.0 analysts recommending between $5.0 and $4.5.
Revenue Estimates
14 analysts predict $1.08B in revenue for the current quarter. 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 $1.04BFor the next quarter, 14 analysts are estimating revenue of $1.28B. 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 $4.63BBased 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.
