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Fabrinet (NYSE:FN) is scheduled to announce its Q314 earnings results on Monday, May 5th. Fabrinet has set its Q3 guidance at $0.32-0.34 EPS.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.04. The company had revenue of $178.60 million for the quarter, compared to the consensus estimate of $167.43 million. During the same quarter last year, the company posted $0.39 earnings per share. Fabrinet’s revenue was up 6.7% compared to the same quarter last year.

Shares of Fabrinet (NYSE:FN) opened at 21.17 on Friday. Fabrinet has a 1-year low of $12.99 and a 1-year high of $22.67. The stock’s 50-day moving average is $20.6 and its 200-day moving average is $19.23. The company has a market cap of $742.4 million and a price-to-earnings ratio of 10.86. Fabrinet also was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 912,987 shares, an increase of 56.4% from the March 31st total of 583,917 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average trading volume of 566,798 shares, the days-to-cover ratio is presently 1.6 days.

Several analysts have recently commented on the stock. Analysts at Piper Jaffray cut their price target on shares of Fabrinet from $26.00 to $24.00 in a research note on Tuesday, February 4th. Analysts at B. Riley cut their price target on shares of Fabrinet from $24.50 to $23.00 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $22.07.

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (NYSE:FN) of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors.

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