Fortune Brands Innovations Inc. (NYSE: FBIN) kicked off on May 23, 2023, at the price of $64.07, down -2.66% from the previous trading day. During the day, the shares moved up to $64.08 and dropped to $62.72 before settling in for the closing price of $64.58. Over the past 52 weeks, FBIN has traded in a range of $45.25-$67.71.
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Annual sales at Industrials sector company slipped by -2.20% over the past five years. While this was happening, its average annual earnings per share was recorded 2.50%. With a float of $126.22 million, this company’s outstanding shares have now reached $127.80 million.
Let’s look at the performance matrix of the company that is accounted for 11236 employees. In terms of profitability, gross margin is +39.96, operating margin of +17.13, and the pretax margin is +14.12.
Fortune Brands Innovations Inc. (FBIN) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Building Products & Equipment Industry. The insider ownership of Fortune Brands Innovations Inc. is 0.10%, while institutional ownership is 89.90%.
Fortune Brands Innovations Inc. (FBIN) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.69 earnings per share (EPS), higher than consensus estimate (set at $0.6) by $0.09. This company achieved a net margin of +11.43 while generating a return on equity of 20.96. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.50% per share during the next fiscal year.
Fortune Brands Innovations Inc. (NYSE: FBIN) Trading Performance Indicators
Take a look at Fortune Brands Innovations Inc.’s (FBIN) current performance indicators. Last quarter, stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.84, a number that is poised to hit 1.02 in the next quarter and is forecasted to reach 4.26 in one year’s time.
Technical Analysis of Fortune Brands Innovations Inc. (FBIN)
Fortune Brands Innovations Inc. (NYSE: FBIN) saw its 5-day average volume 1.02 million, a negative change from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 20.97%. Additionally, its Average True Range was 1.57.
During the past 100 days, Fortune Brands Innovations Inc.’s (FBIN) raw stochastic average was set at 64.07%, which indicates a significant increase from 12.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.73% in the past 14 days, which was lower than the 30.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.57, while its 200-day Moving Average is $61.10. Nevertheless, the first resistance level for the watch stands at $63.72 in the near term. At $64.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $65.08. If the price goes on to break the first support level at $62.36, it is likely to go to the next support level at $61.86. The third support level lies at $61.00 if the price breaches the second support level.
Fortune Brands Innovations Inc. (NYSE: FBIN) Key Stats
The company with the Market Capitalisation of 8.14 billion has total of 126,710K Shares Outstanding. Its annual sales at the moment are 4,723 M in contrast with the sum of 686,700 K annual income. Company’s last quarter sales were recorded 1,040 M and last quarter income was 84,600 K.
