Analysts Expect Fabrinet (NYSE:FN) Will Post Earnings of $1.55 Per Share

Brokerages expect Fabrinet (NYSE:FNGet Rating) to announce earnings per share of $1.55 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Fabrinet’s earnings, with the highest EPS estimate coming in at $1.56 and the lowest estimate coming in at $1.55. Fabrinet reported earnings per share of $1.31 in the same quarter last year, which suggests a positive year-over-year growth rate of 18.3%. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Fabrinet will report full year earnings of $6.00 per share for the current year, with EPS estimates ranging from $5.99 to $6.00. For the next year, analysts expect that the business will post earnings of $6.48 per share, with EPS estimates ranging from $6.39 to $6.55. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Fabrinet.

Fabrinet (NYSE:FNGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The technology company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Fabrinet had a net margin of 8.54% and a return on equity of 16.00%. During the same quarter in the previous year, the firm posted $1.03 earnings per share.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Fabrinet from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, January 20th. StockNews.com downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Zacks Investment Research raised shares of Fabrinet from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a research note on Tuesday, April 19th. Loop Capital began coverage on shares of Fabrinet in a research report on Monday, April 25th. They set a “buy” rating and a $129.00 price target for the company. Finally, B. Riley dropped their price target on shares of Fabrinet from $100.00 to $96.00 in a research report on Tuesday, May 3rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $109.25.

In other Fabrinet news, EVP Edward T. Archer sold 2,146 shares of Fabrinet stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $98.73, for a total value of $211,874.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Fabrinet by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 346,665 shares of the technology company’s stock worth $36,445,000 after acquiring an additional 12,009 shares during the period. Divisar Capital Management LLC increased its position in Fabrinet by 7.7% during the first quarter. Divisar Capital Management LLC now owns 115,734 shares of the technology company’s stock worth $12,167,000 after acquiring an additional 8,310 shares during the period. Employees Retirement System of Texas increased its position in Fabrinet by 90.9% during the first quarter. Employees Retirement System of Texas now owns 21,000 shares of the technology company’s stock worth $2,208,000 after acquiring an additional 10,000 shares during the period. Analog Century Management LP increased its position in Fabrinet by 6.6% during the first quarter. Analog Century Management LP now owns 71,365 shares of the technology company’s stock worth $7,503,000 after acquiring an additional 4,400 shares during the period. Finally, American Beacon Advisors Inc. bought a new position in Fabrinet during the first quarter worth $326,000. 95.89% of the stock is currently owned by institutional investors.

NYSE FN opened at $90.74 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.92. The firm has a market cap of $3.34 billion, a PE ratio of 18.22 and a beta of 0.93. Fabrinet has a one year low of $79.00 and a one year high of $126.28. The firm’s fifty day moving average is $98.78 and its two-hundred day moving average is $106.97.

Fabrinet Company Profile (Get Rating)

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.

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Earnings History and Estimates for Fabrinet (NYSE:FN)

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