Fabrinet (FN) Scheduled to Post Quarterly Earnings on Monday

Fabrinet (NYSE:FN) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $1.93 per share for the quarter. Fabrinet has set its Q3 guidance at $2.08-2.15 EPS and its Q3 2024 guidance at 2.080-2.150 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 5th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.05. The business had revenue of $712.69 million for the quarter, compared to analyst estimates of $699.76 million. Fabrinet had a return on equity of 17.27% and a net margin of 9.35%. On average, analysts expect Fabrinet to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Fabrinet Trading Up 2.9 %

NYSE FN opened at $179.22 on Friday. Fabrinet has a 12 month low of $90.19 and a 12 month high of $229.02. The stock has a 50-day simple moving average of $189.84 and a 200 day simple moving average of $185.13. The company has a market capitalization of $6.51 billion, a PE ratio of 25.90 and a beta of 1.04.

Insider Activity

In other Fabrinet news, Director Rollance E. Olson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $205.52, for a total transaction of $2,055,200.00. Following the completion of the transaction, the director now owns 25,981 shares of the company’s stock, valued at approximately $5,339,615.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC cut their price target on shares of Fabrinet from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Northland Securities raised shares of Fabrinet from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $200.00 to $220.00 in a report on Thursday, March 21st. JPMorgan Chase & Co. raised their price objective on Fabrinet from $210.00 to $212.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $230.00 target price on shares of Fabrinet in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $159.57.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.