NYSE:FN - Fabrinet Stock Price, Price Target & More

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

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

Fabrinet (NYSE:FN) released its quarterly earnings data on Monday, May, 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. The technology company earned $332.20 million during the quarter, compared to analyst estimates of $319.17 million. Fabrinet had a return on equity of 12.48% and a net margin of 6.36%. The business's revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. View Fabrinet's Earnings History.

Fabrinet is scheduled to release their next quarterly earnings announcement on Monday, August, 20th 2018. View Earnings Estimates for Fabrinet.

Fabrinet issued an update on its fourth quarter earnings guidance on Monday, May, 7th. The company provided earnings per share guidance of $0.73-0.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.75. The company issued revenue guidance of $334-342 million, compared to the consensus revenue estimate of $332.82 million.

6 analysts have issued 12-month target prices for Fabrinet's shares. Their predictions range from $33.00 to $51.00. On average, they expect Fabrinet's stock price to reach $40.6667 in the next year. This suggests a possible upside of 1.8% from the stock's current price. View Analyst Ratings for Fabrinet.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Fabrinet include Ciena (CIEN), Plantronics (PLT), NetGear (NTGR), Avaya (AVYA), Telkom SA Ltd ADS Common Stock (TLKGY), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), Akoustis Technologies (AKTS), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Zoom Telephonics (ZMTP), Westell Technologies (WSTL), Communications Systems (JCS) and Clearone (CLRO).

News coverage about FN stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fabrinet earned a daily sentiment score of 0.20 on Accern's scale. They also assigned news headlines about the technology company an impact score of 49.55 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Fabrinet's stock is owned by many different of institutional and retail investors. Top institutional investors include James Investment Research Inc. (0.16%), Municipal Employees Retirement System of Michigan (0.03%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own Fabrinet stock include David T Mitchell, Frank H Levinson, Harpal Gill, Rollance E Olson, 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 Municipal Employees Retirement System of Michigan. Company insiders that have sold Fabrinet company stock in the last year include David T Mitchell, Harpal Gill, Thomas F Kelly and Toh-Seng Ng. View Insider Buying and Selling for Fabrinet.

FN stock was purchased by a variety of institutional investors in the last quarter, including James Investment Research Inc. and Xact Kapitalforvaltning AB. 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, Scottrade, Fidelity and Charles Schwab.

One share of FN stock can currently be purchased for approximately $39.94.

Fabrinet has a market capitalization of $1.47 billion and generates $1.42 billion in revenue each year. The technology company earns $97.11 million in net income (profit) each year or $2.57 on an earnings per share basis. Fabrinet employs 10,541 workers across the globe.

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]