On average, analysts expect that Fabrinet will report full-year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.68 to $3.85. For the next year, analysts anticipate that the firm will report earnings of $4.26 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fabrinet.
Fabrinet (NYSE:FN) last released its earnings results on Monday, November 4th. The technology company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $390.30 million. During the same quarter in the previous year, the company earned $0.92 EPS. Fabrinet’s revenue for the quarter was up 5.8% on a year-over-year basis.
In other news, Director Homa Bahrami sold 6,547 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $60.37, for a total value of $395,242.39. Following the sale, the director now directly owns 24,650 shares in the company, valued at approximately $1,488,120.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David T. Mitchell sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.03, for a total transaction of $1,500,900.00. Following the completion of the sale, the director now owns 27,402 shares in the company, valued at $1,370,922.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,777 shares of company stock worth $6,862,898. 1.00% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of 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 buying an additional 679 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of 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 last quarter. Eqis Capital Management Inc. bought a new stake in shares of Fabrinet in the 3rd quarter worth about $246,000. Mason Street Advisors LLC increased its holdings in shares of Fabrinet by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 12,516 shares of the technology company’s stock worth $655,000 after buying an additional 221 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Fabrinet in the 3rd quarter worth about $355,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.
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FN opened at $60.49 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.26 and a current ratio of 3.25. Fabrinet has a fifty-two week low of $42.33 and a fifty-two week high of $62.31. The firm’s fifty day moving average is $56.60 and its 200 day moving average is $52.21. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 18.50 and a beta of 1.03.
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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