A new trading day began on Friday, with Fortune Brands Innovations Inc (NYSE: FBIN) stock price up 1.79% from the previous day of trading, before settling in for the closing price of $68.83. FBIN’s price has ranged from $54.10 to $84.92 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Industrials sector company slipped by -2.82% over the past five years. Meanwhile, its annual earnings per share averaged 10.39%. With a float of $124.43 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Building Products & Equipment Industry. The insider ownership of Fortune Brands Innovations Inc is 0.52%, while institutional ownership is 91.94%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 1.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.39% 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
Here are Fortune Brands Innovations Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.87. Likewise, its price to free cash flow for the trailing twelve months is 13.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.27, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 4.80 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 1.22 million, a positive change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 26.08%. Additionally, its Average True Range was 1.60.
During the past 100 days, Fortune Brands Innovations Inc’s (FBIN) raw stochastic average was set at 15.81%, which indicates a significant decrease from 31.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.34% in the past 14 days, which was lower than the 25.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $75.56, while its 200-day Moving Average is $71.85. Nevertheless, the first resistance level for the watch stands at $70.78 in the near term. At $71.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.67. If the price goes on to break the first support level at $68.89, it is likely to go to the next support level at $67.71. Assuming the price breaks the second support level, the third support level stands at $67.00.
Fortune Brands Innovations Inc (NYSE: FBIN) Key Stats
With a market capitalization of 8.76 billion, the company has a total of 125,079K Shares Outstanding. Currently, annual sales are 4,626 M while annual income is 404,500 K. The company’s previous quarter sales were 1,110 M while its latest quarter income was 96,400 K.
