Equities analysts expect Fabrinet (NYSE:FN) to post sales of $331.48 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Fabrinet’s earnings, with estimates ranging from $330.00 million to $333.00 million. Fabrinet reported sales of $351.16 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The company is scheduled to report its next earnings report on Monday, February 5th.

According to Zacks, analysts expect that Fabrinet will report full year sales of $331.48 million for the current year, with estimates ranging from $1.37 billion to $1.42 billion. For the next year, analysts expect that the business will post sales of $1.53 billion per share, with estimates ranging from $1.51 billion to $1.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Fabrinet.

Several research firms have issued reports on FN. Needham & Company LLC reaffirmed a “buy” rating on shares of Fabrinet in a report on Thursday, October 12th. Zacks Investment Research raised shares of Fabrinet from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine lowered shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. B. Riley cut their price target on shares of Fabrinet from $46.50 to $42.50 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. lowered shares of Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.42.

Fabrinet (FN) traded down $0.47 during midday trading on Wednesday, reaching $29.37. 427,000 shares of the company’s stock traded hands, compared to its average volume of 401,383. The company has a quick ratio of 1.85, a current ratio of 2.70 and a debt-to-equity ratio of 0.03. Fabrinet has a fifty-two week low of $28.35 and a fifty-two week high of $49.63. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.11 and a beta of 1.00.

In other news, insider David T. Mitchell sold 8,600 shares of Fabrinet stock in a transaction on Monday, January 8th. The shares were sold at an average price of $30.02, for a total transaction of $258,172.00. Following the completion of the sale, the insider now directly owns 111,057 shares in the company, valued at $3,333,931.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David T. Mitchell sold 50,000 shares of Fabrinet stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $1,546,500.00. Following the sale, the insider now owns 111,057 shares of the company’s stock, valued at $3,434,993.01. The disclosure for this sale can be found here. Insiders have sold 108,600 shares of company stock valued at $3,306,172 over the last quarter. Insiders own 3.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Suntrust Banks Inc. lifted its position in Fabrinet by 0.5% during the second quarter. Suntrust Banks Inc. now owns 7,829 shares of the technology company’s stock valued at $333,000 after purchasing an additional 37 shares during the period. Pinebridge Investments L.P. lifted its position in Fabrinet by 2.0% during the second quarter. Pinebridge Investments L.P. now owns 4,918 shares of the technology company’s stock valued at $210,000 after purchasing an additional 98 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Fabrinet by 14.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,727 shares of the technology company’s stock valued at $117,000 after purchasing an additional 338 shares during the period. ETRADE Capital Management LLC lifted its position in Fabrinet by 1.9% during the second quarter. ETRADE Capital Management LLC now owns 19,460 shares of the technology company’s stock valued at $830,000 after purchasing an additional 356 shares during the period. Finally, Profund Advisors LLC lifted its position in Fabrinet by 9.1% during the second quarter. Profund Advisors LLC now owns 7,195 shares of the technology company’s stock valued at $307,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 94.61% of the company’s stock.

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Fabrinet Company Profile

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.

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