Fabrinet (FN) to Release Quarterly Earnings on Monday

Fabrinet (NYSE:FN) will announce its earnings results after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Fabrinet has set its Q2 guidance at $0.69-0.71 EPS.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.07). Fabrinet had a net margin of 6.60% and a return on equity of 14.35%. On average, analysts expect Fabrinet to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Fabrinet (FN) opened at $25.93 on Monday. The company has a current ratio of 2.70, a quick ratio of 1.85 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $974.67, a P/E ratio of 10.33, a P/E/G ratio of 0.98 and a beta of 1.00. Fabrinet has a 52-week low of $25.01 and a 52-week high of $49.63.

In other Fabrinet news, insider David T. Mitchell sold 8,600 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $30.02, for a total value of $258,172.00. Following the completion of the sale, the insider now directly owns 111,057 shares of the company’s stock, valued at $3,333,931.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David T. Mitchell sold 50,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.93, for a total value of $1,546,500.00. Following the completion of the sale, the insider now directly 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 sold 108,600 shares of company stock valued at $3,306,172 over the last three months. Company insiders own 3.30% of the company’s stock.

A number of analysts recently commented on FN shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Fabrinet in a research report on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Fabrinet in a research report on Friday, November 10th. Zacks Investment Research downgraded Fabrinet from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. JPMorgan Chase & Co. downgraded Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Tuesday, November 7th. Finally, B. Riley decreased their target price on Fabrinet from $46.50 to $42.50 and set a “buy” rating for the company in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.25.

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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)

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