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Fortune Brands (NYSE:FBIN) Home & Security, Inc. (FBIN) stock has experienced a notable downturn, touching a 52-week low of $60.81. This latest price level reflects a significant retreat from better-performing times, as the company’s shares have faced a substantial 1-year change with a decline of -25.09%. Despite the downturn, the company maintains a P/E ratio of 16.26 and has sustained dividend payments for 13 consecutive years, demonstrating fundamental resilience. Investors are closely monitoring the stock as it navigates through the current economic headwinds that have pressured the home and security products sector, leading to this new low point in the company’s recent trading history. InvestingPro subscribers can access 7 additional key insights and a comprehensive Pro Research Report for deeper analysis of FBIN’s current position and future potential.
In other recent news, Fortune Brands Home & Security Inc. reported its fourth-quarter earnings for 2024, revealing a miss on both earnings per share (EPS) and revenue forecasts. The company’s EPS was $0.98, falling short of the anticipated $1.06, while revenue reached $1.1 billion, missing the forecast of $1.15 billion. For the full year, net sales remained flat at $4.6 billion compared to 2023, although operating margins improved by 90 basis points to 16.9%. The company projects flat to 3% growth in net sales for 2025, with expected EPS ranging from $4.15 to $4.45. Analysts from Goldman Sachs and Barclays (LON:BARC) have been engaging with the company on various aspects, including the potential impact of tariffs and the growth trajectory of its digital segment. Fortune Brands anticipates its digital products to contribute 150 basis points of growth to its full-year 2025 net sales. Additionally, the company announced a new $1 billion share repurchase authorization, reflecting confidence in its cash generation capabilities.
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