Fabrinet (NYSE:FN) will be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Fabrinet has set its Q1 guidance at $0.78-0.80 EPS.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 21st. The technology company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). Fabrinet had a return on equity of 15.32% and a net margin of 6.84%. The company had revenue of $370.50 million during the quarter, compared to analyst estimates of $363.41 million. During the same period in the prior year, the firm earned $0.60 EPS. Fabrinet’s quarterly revenue was up 34.0% on a year-over-year basis. On average, analysts expect Fabrinet to post $2.78 EPS for the current fiscal year and $3.25 EPS for the next fiscal year.

Shares of Fabrinet (NYSE:FN) remained flat at $37.38 during mid-day trading on Monday. The stock had a trading volume of 34,442 shares. Fabrinet has a 1-year low of $31.97 and a 1-year high of $49.63. The stock has a market capitalization of $1.40 billion, a PE ratio of 14.54 and a beta of 1.15. The stock has a 50-day moving average of $37.09 and a 200-day moving average of $38.96.

Fabrinet announced that its Board of Directors has initiated a stock buyback plan on Monday, August 21st that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the technology company to purchase up to 21% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Several equities research analysts recently issued reports on FN shares. ValuEngine upgraded shares of Fabrinet from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 target price on shares of Fabrinet in a research note on Friday, July 14th. Northland Securities set a $50.00 target price on shares of Fabrinet and gave the company a “buy” rating in a research note on Tuesday, August 22nd. B. Riley reiterated a “buy” rating and issued a $44.75 target price on shares of Fabrinet in a research note on Friday, August 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Fabrinet in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Fabrinet has an average rating of “Buy” and a consensus price target of $51.58.

TRADEMARK VIOLATION NOTICE: “Fabrinet (FN) Set to Announce Quarterly Earnings on Monday” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/30/fabrinet-fn-set-to-announce-quarterly-earnings-on-monday.html.

In other Fabrinet news, CFO Toh-Seng Ng sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $39.00, for a total transaction of $877,500.00. Following the completion of the sale, the chief financial officer now directly owns 201,749 shares in the company, valued at $7,868,211. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David T. Mitchell sold 105,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $38.63, for a total transaction of $4,056,150.00. Following the sale, the chief executive officer now owns 111,057 shares of the company’s stock, valued at $4,290,131.91. The disclosure for this sale can be found here. Insiders have sold 207,500 shares of company stock valued at $8,034,350 over the last 90 days. Company insiders own 3.30% of the company’s stock.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.

Earnings History for Fabrinet (NYSE:FN)

Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.