On Tuesday, Fortune Brands Innovations Inc (NYSE: FBIN) opened lower -0.67% from the last session ,before settling in for the closing price of $81.14. Price fluctuations for FBIN have ranged from $54.10 to $84.92 over the past 52 weeks.
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Annual sales at Industrials sector company slipped by -2.82% over the past five years. Company’s average yearly earnings per share was noted 9.75% at the time writing. With a float of $125.49 million, this company’s outstanding shares have now reached $126.29 million.
Let’s look at the performance matrix of the company that is accounted for 11700 employees.
Fortune Brands Innovations Inc (FBIN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Building Products & Equipment industry is another important factor to consider. The insider ownership of Fortune Brands Innovations Inc is 0.50%, while institutional ownership is 89.88%. The most recent insider transaction that took place on Mar 11 ’24, was worth 162,204. In this transaction Director of this company sold 2,000 shares at a rate of $81.10, taking the stock ownership to the 2,435 shares. Before that another transaction happened on Mar 05 ’24, when Company’s EVP, Group President sold 19,530 for $81.60, making the entire transaction worth $1,593,671. This insider now owns 64,918 shares in total.
Fortune Brands Innovations Inc (FBIN) Latest Financial update
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.95 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.93) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.53% during the next five years compared to 3.55% growth over the previous five years of trading.
Fortune Brands Innovations Inc (NYSE: FBIN) Trading Performance Indicators
Check out the current performance indicators for Fortune Brands Innovations Inc (FBIN). In the past quarter, the stock posted a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20. Likewise, its price to free cash flow for the trailing twelve months is 12.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.17, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 4.78 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 0.86 million, a negative change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 32.22%. Additionally, its Average True Range was 1.81.
During the past 100 days, Fortune Brands Innovations Inc’s (FBIN) raw stochastic average was set at 81.02%, which indicates a significant increase from 24.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.97% in the past 14 days, which was lower than the 28.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.67, while its 200-day Moving Average is $71.58. Nevertheless, the first resistance level for the watch stands at $81.42 in the near term. At $82.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $83.05. If the price goes on to break the first support level at $79.79, it is likely to go to the next support level at $78.98. The third support level lies at $78.16 if the price breaches the second support level.
Fortune Brands Innovations Inc (NYSE: FBIN) Key Stats
There are currently 125,701K shares outstanding in the company with a market cap of 10.17 billion. Presently, the company’s annual sales total 4,626 M according to its annual income of 404,500 K. Last quarter, the company’s sales amounted to 1,161 M and its income totaled 81,300 K.
