Fabrinet (NYSE:FN) Updates Q1 2025 Earnings Guidance

Fabrinet (NYSE:FN) updated its first quarter 2025 earnings guidance on Tuesday. The company provided EPS guidance of 2.330-2.400 for the period, compared to the consensus EPS estimate of 2.260. The company issued revenue guidance of $760.0 million-$780.0 million, compared to the consensus revenue estimate of $749.2 million.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $267.67 on Wednesday. Fabrinet has a 1 year low of $116.63 and a 1 year high of $278.38. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 35.55 and a beta of 0.96. The company has a 50-day moving average of $233.78 and a 200 day moving average of $214.16.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, August 19th. The technology company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.35. Fabrinet had a net margin of 9.90% and a return on equity of 17.67%. The business had revenue of $753.26 million for the quarter, compared to analysts’ expectations of $732.63 million. During the same quarter in the prior year, the company earned $1.68 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Fabrinet will post 7.95 EPS for the current year.

Wall Street Analysts Forecast Growth

FN has been the topic of several analyst reports. Jefferies Financial Group started coverage on Fabrinet in a report on Wednesday, June 26th. They issued a hold rating and a $230.00 target price on the stock. Rosenblatt Securities upped their price target on shares of Fabrinet from $260.00 to $280.00 and gave the stock a buy rating in a research note on Tuesday. Needham & Company LLC raised their price objective on shares of Fabrinet from $270.00 to $280.00 and gave the company a buy rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Fabrinet from $240.00 to $285.00 and gave the company a neutral rating in a report on Tuesday. Finally, B. Riley raised their price target on shares of Fabrinet from $171.00 to $196.00 and gave the company a neutral rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $191.78.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Frank H. Levinson sold 6,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $241.71, for a total value of $1,450,260.00. Following the transaction, the director now owns 5,709 shares of the company’s stock, valued at $1,379,922.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.51% 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.