Fortune Brands Innovations (FBIN) to Release Earnings on Wednesday

Fortune Brands Innovations (NYSE:FBINGet Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Fortune Brands Innovations to post earnings of $1.15 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Fortune Brands Innovations Stock Performance

Shares of Fortune Brands Innovations stock opened at $83.79 on Monday. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 1.03. Fortune Brands Innovations has a twelve month low of $58.86 and a twelve month high of $90.54. The company’s fifty day moving average is $84.69 and its 200 day moving average is $76.03.

Fortune Brands Innovations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 22nd will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 27.20%.

Analysts Set New Price Targets

FBIN has been the topic of a number of recent analyst reports. Loop Capital cut their price objective on Fortune Brands Innovations from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Barclays upped their price objective on shares of Fortune Brands Innovations from $86.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Truist Financial lifted 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. JPMorgan Chase & Co. boosted their target price on shares of Fortune Brands Innovations from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their price target on Fortune Brands Innovations from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus price target of $90.20.

Read Our Latest Stock Analysis on Fortune Brands Innovations

About Fortune Brands Innovations

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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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Earnings History for Fortune Brands Innovations (NYSE:FBIN)

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