Fabrinet (NYSE:FN) is set to issue its quarterly earnings data after the market closes on Monday, August 19th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Shares of NYSE:FN opened at $55.57 on Friday. The business has a fifty day moving average of $52.38 and a 200-day moving average of $53.27. The firm has a market cap of $1.94 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. Fabrinet has a twelve month low of $40.94 and a twelve month high of $62.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.30 and a current ratio of 3.23.
In other Fabrinet news, Director David T. Mitchell sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $42.90, for a total transaction of $1,287,000.00. Following the transaction, the director now owns 73,748 shares in the company, valued at $3,163,789.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 90,000 shares of company stock worth $4,466,100. Company insiders own 1.90% of the company’s stock.
Several equities analysts recently issued reports on the company. Needham & Company LLC raised their price target on Fabrinet from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 9th. Northland Securities reiterated a “hold” rating and issued a $47.50 price target on shares of Fabrinet in a report on Monday, July 1st. ValuEngine cut Fabrinet from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. JPMorgan Chase & Co. assumed coverage on Fabrinet in a report on Monday, July 29th. They issued a “neutral” rating and a $57.00 price target on the stock. Finally, Zacks Investment Research cut Fabrinet from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Fabrinet currently has a consensus rating of “Hold” and a consensus price target of $58.93.
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 optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test.
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