$1.20 Earnings Per Share Expected for Fabrinet (NYSE:FN) This Quarter

Equities research analysts forecast that Fabrinet (NYSE:FN) will announce $1.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Fabrinet’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.21. Fabrinet reported earnings per share of $0.96 during the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is scheduled to announce its next earnings results on Monday, August 16th.

On average, analysts expect that Fabrinet will report full year earnings of $4.50 per share for the current fiscal year, with EPS estimates ranging from $4.49 to $4.51. For the next year, analysts anticipate that the company will post earnings of $5.04 per share, with EPS estimates ranging from $4.91 to $5.15. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Fabrinet.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Sunday, May 2nd. The technology company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. The business had revenue of $479.32 million during the quarter, compared to analysts’ expectations of $467.24 million. Fabrinet had a return on equity of 13.37% and a net margin of 7.18%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share.

A number of brokerages recently issued reports on FN. Needham & Company LLC boosted their price objective on shares of Fabrinet from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 2nd. B. Riley boosted their price target on shares of Fabrinet from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday. They noted that the move was a valuation call. Royal Bank of Canada raised their price objective on Fabrinet from $50.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Northland Securities boosted their target price on Fabrinet from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, January 12th. Finally, Stifel Nicolaus increased their price target on Fabrinet from $82.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, February 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Fabrinet currently has a consensus rating of “Buy” and an average target price of $72.10.

Shares of NYSE:FN traded down $1.23 during mid-day trading on Tuesday, reaching $84.88. The stock had a trading volume of 13,979 shares, compared to its average volume of 159,783. The firm has a market cap of $3.13 billion, a PE ratio of 26.44 and a beta of 1.01. The firm has a 50 day simple moving average of $89.77 and a two-hundred day simple moving average of $80.17. The company has a current ratio of 3.32, a quick ratio of 2.37 and a debt-to-equity ratio of 0.04. Fabrinet has a twelve month low of $54.38 and a twelve month high of $94.25.

In related news, Director Rollance E. Olson sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $86.33, for a total value of $604,310.00. Following the completion of the transaction, the director now owns 41,540 shares of the company’s stock, valued at $3,586,148.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward T. Archer sold 2,260 shares of Fabrinet stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $86.85, for a total transaction of $196,281.00. Following the completion of the sale, the executive vice president now owns 26,211 shares in the company, valued at $2,276,425.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,836 shares of company stock valued at $2,524,905. 0.67% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Fabrinet by 4.9% in the fourth quarter. BlackRock Inc. now owns 5,553,217 shares of the technology company’s stock valued at $430,874,000 after acquiring an additional 259,427 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Fabrinet by 6.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 783,589 shares of the technology company’s stock worth $60,799,000 after purchasing an additional 45,225 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Fabrinet by 15.8% during the 4th quarter. Victory Capital Management Inc. now owns 735,554 shares of the technology company’s stock worth $57,072,000 after purchasing an additional 100,604 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Fabrinet by 20.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 730,943 shares of the technology company’s stock valued at $56,714,000 after buying an additional 123,178 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Fabrinet by 9.4% in the 4th quarter. Janus Henderson Group PLC now owns 541,422 shares of the technology company’s stock valued at $42,009,000 after buying an additional 46,557 shares during the last quarter. Institutional investors own 94.47% of the company’s stock.

About Fabrinet

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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