Media headlines about Fabrinet (NYSE:FN) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fabrinet earned a news impact score of 0.20 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.6153724406434 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several research firms have recently weighed in on FN. ValuEngine raised shares of Fabrinet from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. lowered shares of Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Tuesday, November 7th. Northland Securities set a $37.00 price objective on shares of Fabrinet and gave the stock a “buy” rating in a report on Monday, January 29th. Needham & Company LLC dropped their price objective on shares of Fabrinet from $60.00 to $45.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Fabrinet in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Fabrinet has an average rating of “Buy” and a consensus target price of $41.25.
Shares of Fabrinet (FN) opened at $29.14 on Tuesday. Fabrinet has a 52 week low of $24.02 and a 52 week high of $49.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.84. The company has a market cap of $1,086.38, a P/E ratio of 12.40, a PEG ratio of 1.15 and a beta of 0.75.
Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 5th. The technology company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. Fabrinet had a net margin of 6.24% and a return on equity of 12.96%. The business had revenue of $337.10 million for the quarter, compared to analysts’ expectations of $329.41 million. During the same period in the prior year, the firm earned $0.91 earnings per share. Fabrinet’s revenue was down 4.0% compared to the same quarter last year. analysts anticipate that Fabrinet will post 2.12 EPS for the current fiscal year.
Fabrinet announced that its board has approved a stock buyback plan on Monday, February 5th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider David T. Mitchell sold 8,600 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $30.02, for a total transaction of $258,172.00. Following the sale, the insider now directly owns 111,057 shares of the company’s stock, valued at $3,333,931.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David T. Mitchell sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $1,546,500.00. Following the completion of the transaction, the insider now directly owns 111,057 shares in the company, valued at $3,434,993.01. The disclosure for this sale can be found here. Insiders have sold 160,422 shares of company stock worth $4,838,313 over the last three months. 3.30% of the stock is owned by insiders.
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Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.
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