Fortune Brands Innovations Inc (NYSE: FBIN) kicked off on Tuesday, up 0.17% from the previous trading day, before settling in for the closing price of $77.05. Over the past 52 weeks, FBIN has traded in a range of $54.10-$84.92.
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
During the last 5-year period, the sales drop of Industrials Sector giant was -2.82%. While this was happening, its average annual earnings per share was recorded 9.65%. With a float of $123.12 million, this company’s outstanding shares have now reached $126.29 million.
Let’s determine the extent of company efficiency that accounts for 11700 employees. In terms of profitability, gross margin is 42.1%, operating margin of 15.52%, and the pretax margin is 11.99%.
Fortune Brands Innovations Inc (FBIN) Insider Activity
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 0.80%, while institutional ownership is 94.79%. The most recent insider transaction that took place on Jul 29 ’24, was worth 79. Before that another transaction happened on Mar 11 ’24, when Company’s Director sold 2,000 for $81.10, making the entire transaction worth $162,204. This insider now owns 2,435 shares in total.
Fortune Brands Innovations Inc (FBIN) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 1.19 earnings per share (EPS), higher than consensus estimate (set at 1.09) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% 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
Take a look at Fortune Brands Innovations Inc’s (FBIN) current performance indicators. Last quarter, stock had a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.01. Likewise, its price to free cash flow for the trailing twelve months is 19.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.53, a number that is poised to hit 1.14 in the next quarter and is forecasted to reach 4.76 in one year’s time.
Technical Analysis of Fortune Brands Innovations Inc (FBIN)
Looking closely at Fortune Brands Innovations Inc (NYSE: FBIN), its last 5-days average volume was 1.27 million, which is a jump from its year-to-date volume of 1.23 million. As of the previous 9 days, the stock’s Stochastic %D was 84.04%. Additionally, its Average True Range was 2.35.
During the past 100 days, Fortune Brands Innovations Inc’s (FBIN) raw stochastic average was set at 65.42%, which indicates a significant increase from 56.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.84% in the past 14 days, which was higher than the 34.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.76, while its 200-day Moving Average is $73.98. However, in the short run, Fortune Brands Innovations Inc’s stock first resistance to watch stands at $77.83. Second resistance stands at $78.49. The third major resistance level sits at $79.05. If the price goes on to break the first support level at $76.62, it is likely to go to the next support level at $76.06. Should the price break the second support level, the third support level stands at $75.40.
Fortune Brands Innovations Inc (NYSE: FBIN) Key Stats
The company with the Market Capitalisation of 9.58 billion has total of 125,079K Shares Outstanding. Its annual sales at the moment are 4,626 M in contrast with the sum of 404,500 K annual income. Company’s last quarter sales were recorded 1,240 M and last quarter income was 133,900 K.
