NYSE:FN - Fabrinet Stock Price, Forecast & News

Fabrinet trades on the New York Stock Exchange (NYSE) under the ticker symbol "FN."

Fabrinet announced that its board has authorized a share repurchase program on Tuesday, February 6th 2018, which permits the company to repurchase $30,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Fabrinet (NYSE:FN) announced its quarterly earnings results on Monday, November, 4th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.72 by $0.14. The technology company had revenue of $399 million for the quarter, compared to analyst estimates of $390.30 million. Fabrinet had a return on equity of 14.48% and a net margin of 7.41%. Fabrinet's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. View Fabrinet's Earnings History.

Fabrinet is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Fabrinet.

Fabrinet updated its second quarter earnings guidance on Monday, November, 4th. The company provided earnings per share (EPS) guidance of $0.91-0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91. The company issued revenue guidance of $408-416 million, compared to the consensus revenue estimate of $403.87 million.

5 equities research analysts have issued 1-year target prices for Fabrinet's stock. Their forecasts range from $57.00 to $70.00. On average, they anticipate Fabrinet's share price to reach $65.00 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Fabrinet.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fabrinet.

Press coverage about FN stock has been trending negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fabrinet earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Fabrinet.

Fabrinet saw a decrease in short interest in November. As of November 15th, there was short interest totalling 1,020,000 shares, a decrease of 11.3% from the October 31st total of 1,150,000 shares. Based on an average daily volume of 379,900 shares, the short-interest ratio is currently 2.7 days. Approximately 2.8% of the company's stock are short sold. View Fabrinet's Current Options Chain.

Some companies that are related to Fabrinet include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Sanmina (SANM), Plexus (PLXS), KEMET (KEM), Methode Electronics (MEI), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Fabrinet investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Finisar (FNSR), Ciena (CIEN), Twilio (TWLO), Cypress Semiconductor (CY), AMC Entertainment (AMC), Cisco Systems (CSCO) and NVIDIA (NVDA).

Fabrinet's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (2.86%), Vaughan Nelson Investment Management L.P. (1.95%), Point72 Asset Management L.P. (1.17%), Wedge Capital Management L L P NC (0.72%), Dalton Greiner Hartman Maher & Co. (0.54%) and Tocqueville Asset Management L.P. (0.52%). Company insiders that own Fabrinet stock include David T Mitchell, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng. View Institutional Ownership Trends for Fabrinet.

FN stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Point72 Asset Management L.P., Man Group plc, First Quadrant L P CA, Robeco Institutional Asset Management B.V., First Trust Advisors LP, Strs Ohio and Squarepoint Ops LLC. Company insiders that have sold Fabrinet company stock in the last year include David T Mitchell, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng. View Insider Buying and Selling for Fabrinet.

FN stock was acquired by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Vaughan Nelson Investment Management L.P., Dalton Greiner Hartman Maher & Co., Zurcher Kantonalbank Zurich Cantonalbank, California Public Employees Retirement System, Hussman Strategic Advisors Inc., State of Alaska Department of Revenue and Campbell & CO Investment Adviser LLC. View Insider Buying and Selling for Fabrinet.

Shares of FN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of FN stock can currently be purchased for approximately $60.73.

Fabrinet has a market capitalization of $2.25 billion and generates $1.58 billion in revenue each year. The technology company earns $120.96 million in net income (profit) each year or $3.35 on an earnings per share basis. Fabrinet employs 11,670 workers across the globe.View Additional Information About Fabrinet.

The official website for Fabrinet is http://www.fabrinet.com/.

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The technology company can be reached via phone at 662-524-9600 or via email at [email protected]