Fabrinet (FN) to Release Quarterly Earnings on Monday

Fabrinet (NYSE:FN - Get Free Report) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $1.93 per share for the quarter. Fabrinet has set its Q3 guidance at $2.08-2.15 EPS and its Q3 2024 guidance at 2.080-2.150 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.05. Fabrinet had a return on equity of 17.27% and a net margin of 9.35%. The company had revenue of $712.69 million for the quarter, compared to analyst estimates of $699.76 million. On average, analysts expect Fabrinet to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Fabrinet Stock Up 0.3 %

NYSE:FN traded up $0.55 during mid-day trading on Monday, hitting $176.00. 394,067 shares of the stock traded hands, compared to its average volume of 445,764. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 25.43 and a beta of 1.04. The firm's 50 day moving average is $191.30 and its two-hundred day moving average is $185.19. Fabrinet has a 52 week low of $90.19 and a 52 week high of $229.02.

Insider Activity at Fabrinet

In related news, Director Rollance E. Olson sold 10,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $205.52, for a total value of $2,055,200.00. Following the transaction, the director now directly owns 25,981 shares of the company's stock, valued at approximately $5,339,615.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FN has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their target price on shares of Fabrinet from $230.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $230.00 price objective on shares of Fabrinet in a research report on Tuesday, February 6th. Northland Securities upgraded shares of Fabrinet from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $200.00 to $220.00 in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fabrinet from $210.00 to $212.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.57.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.