Streetbeat News

FBIN

Fortune Brands Innovations, Inc.

https://www.fbin.com

Industry

Construction

Fortune Brands Innovations, Inc. provides water, outdoor, and security products, including water management, connected products, outdoor living, material conversion, sustainability, safety, and wellness. The company's portfolio of brands comprising Moen, House of Rohl, Aqualisa, Therma-Tru, Larson, Fiberon, Master Lock, and SentrySafe. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.

Open

73.97

Mkt cap

9.1B

Volume

1.1M

High

74.35

P/E Ratio

20.72

52-wk high

90.54

Low

73.26

Div yield

0.01

52-wk low

62.54

Fortune Brands Innovations is expected to recover growth in FY25 due to improved housing demand and a successful connected product strategy. Despite a sales decline, margin expansion suggests effective management and potential for further improvement.

Portfolio Pulse from

November 07, 2024 | 10:45 am

Fortune Brands Innovations (FBIN) released its Q3 earnings, providing insights into its performance for the quarter ending September 2024. The report includes comparisons of key metrics against Wall Street estimates and year-ago values.

Portfolio Pulse from

November 07, 2024 | 1:45 am

Fortune Brands Innovations (FBIN) reported Q3 earnings of $1.16 per share, surpassing the Zacks Consensus Estimate of $1.15 per share, but slightly down from $1.19 per share a year ago.

Portfolio Pulse from

November 07, 2024 | 12:00 am

Fortune Brands Innovations, Inc. reported significant margin expansion in Q3 2024, despite challenging market conditions. The company remains focused on strategic priorities to drive growth.

Portfolio Pulse from

November 06, 2024 | 9:30 pm

BMO Capital has maintained a Market Perform rating on Fortune Brands (NYSE:FBIN) while raising the price target from $84 to $95, indicating a positive outlook.