Fortune Brands Innovations (NYSE:FBIN – Get Free Report) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Fortune Brands Innovations has set its FY24 guidance at $4.20-4.40 EPS and its FY 2024 guidance at 4.200-4.400 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Fortune Brands Innovations had a return on equity of 22.61% and a net margin of 8.74%. Fortune Brands Innovations’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. On average, analysts expect Fortune Brands Innovations to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Fortune Brands Innovations Trading Down 0.9 %
Shares of NYSE FBIN opened at $72.87 on Tuesday. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.57. Fortune Brands Innovations has a 12-month low of $54.10 and a 12-month high of $84.92. The company has a current ratio of 1.70, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $80.14 and its 200 day simple moving average is $73.69.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Fortune Brands Innovations
Insider Activity at Fortune Brands Innovations
In related news, Director Ronald V. Waters sold 2,000 shares of Fortune Brands Innovations stock in a transaction on Monday, March 11th. The stock was sold at an average price of $81.10, for a total transaction of $162,200.00. Following the completion of the sale, the director now owns 2,435 shares of the company’s stock, valued at $197,478.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.
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.
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