Fortune Brands Innovations (FBIN) Scheduled to Post Quarterly Earnings on Wednesday

Fortune Brands Innovations (NYSE:FBIN) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Fortune Brands Innovations Stock Performance

NYSE FBIN opened at $83.89 on Wednesday. Fortune Brands Innovations has a 1 year low of $54.88 and a 1 year high of $90.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.34 and a quick ratio of 0.71. The stock has a market capitalization of $10.49 billion, a PE ratio of 25.65, a P/E/G ratio of 2.76 and a beta of 1.51. The company’s 50 day simple moving average is $84.45 and its two-hundred day simple moving average is $75.87.

Fortune Brands Innovations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 22nd will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, November 22nd. Fortune Brands Innovations’s dividend payout ratio is presently 29.36%.

Analyst Upgrades and Downgrades

FBIN has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of Fortune Brands Innovations from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their price target on shares of Fortune Brands Innovations from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Loop Capital decreased their price target on shares of Fortune Brands Innovations from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada increased their price target on shares of Fortune Brands Innovations from $79.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, BMO Capital Markets increased their price target on shares of Fortune Brands Innovations from $84.00 to $95.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.20.

Fortune Brands Innovations Company Profile

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.