Fabrinet - FN Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FN shares.
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5 Wall Street research analysts have issued 12 month price objectives for Fabrinet's shares. Their FN share price forecasts range from $88.00 to $135.00. On average, they anticipate the company's share price to reach $115.60 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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Fabrinet's stock was trading at $118.47 at the beginning of 2022. Since then, FN shares have decreased by 22.2% and is now trading at $92.21.
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Fabrinet saw a decline in short interest in August. As of August 31st, there was short interest totaling 610,500 shares, a decline of 8.0% from the August 15th total of 663,400 shares. Based on an average daily volume of 179,100 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.7% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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Fabrinet (NYSE:FN) announced its quarterly earnings data on Monday, August, 15th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.26. The technology company earned $587.90 million during the quarter, compared to the consensus estimate of $581.48 million. Fabrinet had a net margin of 8.86% and a trailing twelve-month return on equity of 16.67%. Fabrinet's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share.

Fabrinet issued an update on its first quarter 2023 earnings guidance on Monday, September, 12th. The company provided EPS guidance of $1.72-$1.79 for the period, compared to the consensus estimate of $1.56. The company issued revenue guidance of $620.00 million-$640.00 million, compared to the consensus revenue estimate of $596.15 million.

8 employees have rated Fabrinet Chief Executive Officer Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fabrinet investors own include NVIDIA (NVDA), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology (MRVL), ON Semiconductor (ON), Baidu (BIDU) and Block (SQ).

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

Fabrinet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (3.75%), State Street Corp (3.26%), Victory Capital Management Inc. (2.66%), Artisan Partners Limited Partnership (2.64%), Paradigm Capital Management Inc. NY (1.55%) and abrdn plc (1.26%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng.
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Shares of FN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FN stock can currently be purchased for approximately $92.21.

Fabrinet (NYSE:FN) has a market capitalization of $3.36 billion and generates $2.26 billion in revenue each year. The technology company earns $200.38 million in net income (profit) each year or $5.36 on an earnings per share basis.

The company employs 14,235 workers across the globe.

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The official website for the company is www.fabrinet.com. The technology company can be reached via phone at (662) 524-9600 or via email at ir@fabrinet.com.