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Tuesday, December 5, 2023

Fortune Brands Innovations Inc (NYSE: FBIN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Fortune Brands Innovations Inc (FBIN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.79, or -1.30%, to $59.83. The Fortune Brands Innovations Inc has recorded 35,038 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Fortune Brands Appoints Kristin Papesh as Chief Human Resources Officer; Sheri Grissom to Continue Leading Company’s Transformation Management Office.

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Stocks Info

FBIN belongs to the Industrials sector of the NYSE while operating in the Building Products & Equipment industry. At the end of the last regular session, the stock closed at $60.62 and fluctuated between $61.74 as its day high and $60.47 as its day low. The current market capitalization of Fortune Brands Innovations Inc is $7.64B. A total of 0.81 million shares were traded on the day, compared to an average of 1.06M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FBIN has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 493 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 29 SELLs from insiders. Insiders purchased 504,044 shares during that period but sold 132,836.

In the most recent transaction, HACKETT ANN F sold 4,835 shares of FBIN for 65.78 per share on Jun 09. After the transaction, the Director now owns 34,815 company shares.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Fortune Brands Innovations Inc pays an annual dividend of $1.02, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 17.94. FBIN’s most recent ex-dividend date was 11/22/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 12/13/2023. Previously, the company paid the dividend on 9/13/2023 with an ex-dividend date of 8/24/2023. The FBIN stock dividend was $0.23 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FBIN in the last 3 months, the mean price target is $67.94 with high estimates of $82.00 and low estimates of $56.00. In terms of 52-week highs and lows, FBIN has a high of $77.14 and a low of $47.93.

As of this writing, FBIN has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.15 per share and a lower estimate of $1.04. The company reported an EPS of $0.69 in the last quarter, which was 15.00% higher than expectations of $0.6.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FBIN’s latest balance sheet shows that the firm has $471.50M in Cash & Short Term Investments as of fiscal 2021. There were $2.71B in debt and $1.97B in liabilities at the time. Its Book Value Per Share was $17.53, while its Total Shareholder’s Equity was $3.06B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FBIN is Buy with a score of 3.92.

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