$0.93 Earnings Per Share Expected for Fabrinet (NYSE:FN) This Quarter

Equities research analysts expect Fabrinet (NYSE:FN) to post $0.93 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Fabrinet’s earnings. Fabrinet posted earnings of $0.97 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 4.1%. The business is scheduled to report its next 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 fiscal year, with EPS estimates ranging from $3.68 to $3.85. For the next year, analysts expect that the company will post earnings of $4.26 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Fabrinet.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $399.00 million during the quarter, compared to analyst estimates of $390.30 million. Fabrinet had a net margin of 7.41% and a return on equity of 14.48%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS.

A number of equities research analysts have weighed in on the stock. Northland Securities reiterated a “buy” rating and set a $70.00 target price on shares of Fabrinet in a research note on Thursday, November 14th. ValuEngine upgraded shares of Fabrinet from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Fabrinet from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Piper Jaffray Companies boosted their target price on shares of Fabrinet from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Needham & Company LLC set a $70.00 target price on shares of Fabrinet and gave the company a “buy” rating in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $65.17.

FN traded up $0.81 during mid-day trading on Wednesday, reaching $59.50. 174,438 shares of the company traded hands, compared to its average volume of 382,161. The stock has a market capitalization of $2.24 billion, a P/E ratio of 17.76 and a beta of 1.07. The company has a quick ratio of 2.26, a current ratio of 3.25 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $57.58 and its 200-day moving average price is $52.27. Fabrinet has a 52-week low of $42.33 and a 52-week high of $62.31.

In other news, Director David T. Mitchell sold 30,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $52.62, for a total value of $1,578,600.00. Following the completion of the sale, the director now directly owns 27,402 shares in the company, valued at approximately $1,441,893.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Seamus Grady sold 5,206 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $53.74, for a total value of $279,770.44. Following the completion of the sale, the chief executive officer now owns 117,760 shares of the company’s stock, valued at $6,328,422.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,777 shares of company stock valued at $7,172,798. Company insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Fabrinet by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,254,678 shares of the technology company’s stock worth $161,660,000 after purchasing an additional 139,078 shares in the last quarter. Invesco Ltd. boosted its holdings in Fabrinet by 233.9% in the 2nd quarter. Invesco Ltd. now owns 1,106,512 shares of the technology company’s stock worth $54,961,000 after buying an additional 775,118 shares during the period. Wasatch Advisors Inc. boosted its holdings in Fabrinet by 52.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 956,963 shares of the technology company’s stock worth $47,532,000 after buying an additional 330,086 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Fabrinet by 5.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 721,769 shares of the technology company’s stock worth $37,748,000 after buying an additional 35,013 shares during the period. Finally, Northern Trust Corp boosted its holdings in Fabrinet by 12.1% in the 2nd quarter. Northern Trust Corp now owns 717,900 shares of the technology company’s stock worth $35,658,000 after buying an additional 77,212 shares during the period. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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 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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Earnings History and Estimates for Fabrinet (NYSE:FN)

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