Fortune Brands Innovations (NYSE:FBIN – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04, Briefing.com reports. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Fortune Brands Innovations had a return on equity of 23.10% and a net margin of 9.39%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. Fortune Brands Innovations updated its FY24 guidance to $4.25-$4.35 EPS and its FY 2024 guidance to 4.250-4.350 EPS.
Fortune Brands Innovations Trading Up 9.1 %
NYSE:FBIN traded up $6.57 during mid-day trading on Friday, reaching $78.74. The company’s stock had a trading volume of 3,359,184 shares, compared to its average volume of 1,580,916. The stock has a market cap of $9.85 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.40 and a beta of 1.52. Fortune Brands Innovations has a twelve month low of $54.10 and a twelve month high of $84.92. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.04 and a quick ratio of 1.08. The company’s fifty day simple moving average is $68.23 and its two-hundred day simple moving average is $74.83.
Fortune Brands Innovations Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 23rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, August 23rd. Fortune Brands Innovations’s payout ratio is 29.36%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Fortune Brands Innovations
About Fortune Brands Innovations
Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.
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