Fortune Brands Innovations Inc (NYSE: FBIN) has reported earnings for its first fiscal quarter (ending March 31) of $0.76 versus $0.67 for the same period a year ago — an increase of 13%. However, this result fell short of the consensus estimate of $0.89 by $-0.13. For the latest four quarters through March 31, E.P.S. were $3.30 versus $3.87 for the same period a year ago — a decline of -15%.
Recent Price Action
Fortune Brands Innovations Inc (NYSE: FBIN) stock closed at $73.10 on 4/30/24 after a decline of -2.9%. Moreover, above average trading volume at 125% of normal accompanied the decline. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FBIN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Fortune Brands Innovations has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fortune Brands Innovations has a poor Appreciation Score of 15 but a very high Power Rating of 88, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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