Northland Securities Boosts Earnings Estimates for Fabrinet

Key Points

• Northland Securities raised Fabrinet’s Q2 2027 EPS estimate to $4.63 from $4.21. The company’s latest quarter also beat expectations, reporting EPS of $4.34 versus $4.21 and revenue of $1.47 billion versus $1.42 billion; revenue grew 50.7% year over year.
• Analyst views remain mixed: Fabrinet has a “Moderate Buy” consensus rating and an average price target of $548.88, while recent firms adjusted targets in both directions.
• Fabrinet shares opened at $293.62, near their 52-week low of $286.07 and well below the 52-week high of $748.89.

Fabrinet (NYSE:FN - Free Report) - Equities research analysts at Northland Securities upped their Q2 2027 EPS estimates for shares of Fabrinet in a note issued to investors on Tuesday, November 3rd. Northland Securities analyst T. Savageaux now forecasts that the technology company will earn $4.63 per share for the quarter, up from their previous estimate of $4.21. The consensus estimate for Fabrinet's current full-year earnings is $17.57 per share.

Fabrinet (NYSE:FN - Get Free Report) last posted its earnings results on Monday, November 2nd. The technology company reported $4.34 EPS for the quarter, topping the consensus estimate of $4.21 by $0.13. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.42 billion. Fabrinet had a net margin of 9.35% and a return on equity of 22.32%. The company's quarterly revenue was up 50.7% compared to the same quarter last year. During the same period last year, the company posted $2.92 EPS.

Other analysts have also recently issued reports about the company. Needham & Company LLC reaffirmed a "buy" rating and set a $500.00 price objective on shares of Fabrinet in a research report on Tuesday. B. Riley Financial decreased their target price on Fabrinet from $431.00 to $385.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Fox Advisors raised Fabrinet from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, August 19th. Rosenblatt Securities lowered their target price on Fabrinet from $750.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Barclays dropped their price target on Fabrinet from $739.00 to $496.00 and set an "overweight" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $548.88.

Fabrinet Price Performance

FN stock opened at $293.62 on Friday. Fabrinet has a 1 year low of $286.07 and a 1 year high of $748.89. The company has a market cap of $10.49 billion, a P/E ratio of 22.16 and a beta of 1.35. The firm has a 50-day moving average of $396.23 and a 200 day moving average of $519.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 1.52.

Insider Activity

In related news, EVP Edward Archer sold 2,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total value of $964,775.00. Following the completion of the transaction, the executive vice president directly owned 7,007 shares in the company, valued at $2,704,071.37. This trade represents a 26.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fabrinet

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY purchased a new position in Fabrinet in the 2nd quarter worth about $298,183,000. Allspring Global Investments Holdings LLC lifted its stake in Fabrinet by 108.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company's stock valued at $88,350,000 after acquiring an additional 85,780 shares during the period. Rokos Capital Management LLP purchased a new stake in shares of Fabrinet during the 1st quarter valued at about $31,753,000. Bowen Hanes & Co. Inc. boosted its holdings in shares of Fabrinet by 97.4% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 98,715 shares of the technology company's stock valued at $51,482,000 after acquiring an additional 48,715 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in shares of Fabrinet by 1,469.7% during the 3rd quarter. Calamos Advisors LLC now owns 51,800 shares of the technology company's stock valued at $21,977,000 after acquiring an additional 48,500 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Fabrinet Company Profile

Fabrinet NYSE: FN is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.

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