Equities research analysts expect Fabrinet (NYSE:FN) to post $0.93 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Fabrinet’s earnings. Fabrinet reported earnings of $0.97 per share in the same quarter last year, which would suggest a negative year over year growth rate of 4.1%. The business is expected to announce its next quarterly earnings report on Monday, February 3rd.
On average, analysts expect that Fabrinet will report full-year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $3.68 to $3.85. For the next financial year, analysts expect that the business will report earnings of $4.26 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Fabrinet.
Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.14. Fabrinet had a net margin of 7.41% and a return on equity of 14.48%. The company had revenue of $399.00 million during the quarter, compared to analyst estimates of $390.30 million. During the same period last year, the business earned $0.92 EPS. Fabrinet’s quarterly revenue was up 5.8% compared to the same quarter last year.
Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Fabrinet from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Piper Jaffray Companies raised their price objective on Fabrinet from $64.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Northland Securities reiterated a “buy” rating and set a $70.00 price objective on shares of Fabrinet in a research note on Thursday, November 14th. Zacks Investment Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Fabrinet in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $66.33.
In other news, Director David T. Mitchell sold 28,600 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $64.74, for a total transaction of $1,851,564.00. Following the transaction, the director now directly owns 30,576 shares of the company’s stock, valued at $1,979,490.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Seamus Grady sold 6,082 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $57.19, for a total value of $347,829.58. Following the sale, the chief executive officer now directly owns 105,597 shares in the company, valued at $6,039,092.43. The disclosure for this sale can be found here. Insiders have sold 124,047 shares of company stock valued at $7,497,064 in the last quarter. 1.00% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. California State Teachers Retirement System lifted its holdings in Fabrinet by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 56,819 shares of the technology company’s stock worth $2,972,000 after purchasing an additional 679 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Fabrinet by 5.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 721,769 shares of the technology company’s stock valued at $37,748,000 after acquiring an additional 35,013 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in Fabrinet in the third quarter valued at approximately $246,000. Mason Street Advisors LLC raised its stake in shares of Fabrinet by 1.8% during the third quarter. Mason Street Advisors LLC now owns 12,516 shares of the technology company’s stock valued at $655,000 after purchasing an additional 221 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Fabrinet during the third quarter valued at approximately $355,000. 97.44% of the stock is owned by institutional investors and hedge funds.
FN traded down $1.60 during midday trading on Friday, reaching $64.75. The company’s stock had a trading volume of 129,181 shares, compared to its average volume of 187,151. Fabrinet has a 1 year low of $42.33 and a 1 year high of $67.17. The stock’s 50-day moving average is $63.41 and its 200-day moving average is $55.93. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.60 and a beta of 1.08. The company has a current ratio of 3.25, a quick ratio of 2.26 and a debt-to-equity ratio of 0.06.
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.
Featured Article: Balance Sheet
Get a free copy of the Zacks research report on Fabrinet (FN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.