Fortune Brands Innovations Inc (NYSE: FBIN) has reported earnings for its second fiscal quarter (ending June 30) of $1.06 versus $0.81 for the same period a year ago — an increase of 31%. However, this result fell short of the consensus estimate of $1.12 by $-0.06. For the latest four quarters through June 30, E.P.S. were $3.55 versus $3.56 for the same period a year ago — a decline of -0%.
Recent Price Action
Fortune Brands Innovations Inc (NYSE: FBIN) stock closed at $72.17 on 7/25/24 after a large increase of 4.5%. Moreover, this advance was accompanied by unusually high trading volume at 173% of normal. The stock has declined -2.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FBIN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Fortune Brands Innovations has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fortune Brands Innovations has a poor Appreciation Score of 17 but a neutral Power Rating of 58, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment