Fortune Brands Innovations Inc (NYSE: FBIN) kicked off on Friday, up 1.28% from the previous trading day, before settling in for the closing price of $88.87. Over the past 52 weeks, FBIN has traded in a range of $54.10-$90.54.
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A company in the Industrials sector has dropped its sales by -2.82% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 9.65%. With a float of $123.30 million, this company’s outstanding shares have now reached $126.29 million.
In an organization with 11700 employees, it is important to assess its efficiency. 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 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 0.65%, while institutional ownership is 92.93%. The most recent insider transaction that took place on Aug 27 ’24, was worth 174,414. In this transaction Director of this company sold 2,197 shares at a rate of $79.39, taking the stock ownership to the 34,815 shares. Before that another transaction happened on Aug 27 ’24, when Company’s Director proposed sale 2,197 for $80.92, making the entire transaction worth $177,781.
Fortune Brands Innovations Inc (FBIN) Latest Financial update
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 7.41% 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 2.34. Likewise, its price to free cash flow for the trailing twelve months is 22.58.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.7 million. That was inferior than the volume of 1.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.88%. Additionally, its Average True Range was 1.80.
During the past 100 days, Fortune Brands Innovations Inc’s (FBIN) raw stochastic average was set at 98.12%, which indicates a significant increase from 90.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.65% in the past 14 days, which was lower than the 33.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.79, while its 200-day Moving Average is $76.94. However, in the short run, Fortune Brands Innovations Inc’s stock first resistance to watch stands at $90.61. Second resistance stands at $91.21. The third major resistance level sits at $92.21. If the price goes on to break the first support level at $89.00, it is likely to go to the next support level at $88.00. The third support level lies at $87.40 if the price breaches the second support level.
Fortune Brands Innovations Inc (NYSE: FBIN) Key Stats
The company with the Market Capitalisation of 11.17 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.
