Fortune Brands Innovations (NYSE:FBIN – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01, Briefing.com reports. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.24 billion. Fortune Brands Innovations had a net margin of 9.61% and a return on equity of 22.44%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Fortune Brands Innovations updated its FY 2024 guidance to 4.170-4.230 EPS.
Fortune Brands Innovations Stock Down 0.1 %
Shares of NYSE FBIN traded down $0.07 during trading on Friday, hitting $79.05. 1,499,190 shares of the company traded hands, compared to its average volume of 1,005,199. The business’s fifty day moving average is $84.99 and its 200 day moving average is $76.32. Fortune Brands Innovations has a fifty-two week low of $59.72 and a fifty-two week high of $90.54. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.66 and a beta of 1.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.71 and a current ratio of 1.34.
Fortune Brands Innovations Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. Fortune Brands Innovations’s dividend payout ratio is currently 27.04%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on FBIN
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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