Fabrinet Company Profile (NYSE:FN)

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

Fabrinet (NYSE:FN) issued its quarterly earnings results on Monday, August, 15th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $276.40 million for the quarter, compared to the consensus estimate of $262.95 million. Fabrinet had a net margin of 6.74% and a return on equity of 14.95%. The firm's revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. View Fabrinet's Earnings History.

Fabrinet is scheduled to release their next quarterly earnings announcement on Monday, August, 21st 2017. View Earnings Estimates for Fabrinet.

5 brokerages have issued 1 year price targets for Fabrinet's shares. Their forecasts range from $44.75 to $60.00. On average, they expect Fabrinet's stock price to reach $53.55 in the next twelve months. View Analyst Ratings for Fabrinet.

Here are some recent quotes from research analysts about Fabrinet stock:

• 1. According to Zacks Investment Research, "Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. The Company offers a broad range of advanced optical capabilities across the entire manufacturing process, including process engineering, design for manufacturability, supply chain management, manufacturing, final assembly and test. Fabrinet manufactures, assembles, and tests products for customers at its main manufacturing facilities in Bangkok, Thailand. The Company designs and manufactures its own bulk optical materials and components at its facilities in Fuzhou, the People's Republic of China, and New Jersey, USA. " (7/12/2017)
• 2. Stifel Nicolaus analysts commented, "Fabrinet's F2Q17 (December) beat expectations - again, consisting of revenue and pro forma earnings of $351.2 million and $0.91, compared to our Street high revenue and earnings estimates of $338.0 million and $0.81, respectively. Optical communications revenue grew by 63% y/y, with strength broad-based across all products. New customers/program revenue grew 111% y/y, 100G momentum remains strong (+130% y/y), the company experienced balanced telecom/datacom growth (up 68% and 54%, respectively), and silicon photonics now represents 27% of total revenue and grew 137% y/y. Fabrinet is forecasting revenue to increase 3.1% sequentially at the midpoint to a range of $360-$364 million, while pro forma EPS is expected to be $0.87-$0.89, well ahead of our prior estimates of $340.0 million/$0.80. We reiterate our Buy rating on shares and increase our target to $52, as we anticipate continued strength in optical communications fundamentals and an OM% tailwind through FY18 (June) as Fabrinet West increases utilization." (2/7/2017)
• 3. Needham & Company LLC analysts commented, "Fabrinet has corrected along with other optical names over the last month. We think year-end profit taking has run its course and these shares should benefit as investors focus back on company specific fundamentals. Fabrinet is selling at a slight 0.8x EV/Sales and 9.2x EV/E on CY17 estimates. We are modeling 26% Revenue growth in CY17 and see considerable upside with growth likely in the 30-40% vicinity. FN has corrected from $46.50 to $36.71 over the last several months. We think the fundamentals over this time have continued to improve. Our Target Price of $56 represents a potential appreciation of 53%. Even at our Target Price, FN would be trading at a discount to most contract manufacturers. We think 30%-40% growth at well under 10x EV/E is a compelling value." (1/17/2017)

Some companies that are related to Fabrinet include Ringcentral (RNG), NetScout Systems (NTCT), Manhattan Associates (MANH), MakeMyTrip Limited (MMYT), AVX Corporation (AVX), Advanced Energy Industries (AEIS), Bitauto Holdings Limited (BITA), Black Knight Financial Services (BKFS), Itron (ITRI), Twilio (TWLO), Sanmina Corporation (SANM), Zendesk (ZEN), Wix.com (WIX), CommVault Systems (CVLT), MACOM Technology Solutions Holdings (MTSI), Finisar Corporation (FNSR), Pure Storage (PSTG) and FIH Mobile (FXCNY).

Fabrinet's management team includes the folowing people:

• David T. Mitchell, Chairman of the Board, Chief Executive Officer
• Harpal S. Gill, President and Chief Operating Officer of Fabrinet USA, Inc., & Executive Vice President - Operations of Fabrinet Co., Ltd.
• Hong Q. Hou Ph.D., Executive Vice President, Chief Technical Officer of Fabrinet USA, Inc.
• Toh-Seng Ng, Executive Vice President, Chief Financial Officer of Fabrinet USA, Inc.
• Rollance E. Olson, Lead Independent Director
• Homa Bahrami, Independent Director
• Thomas F. Kelly Ph.D., Independent Director
• Frank H. Levinson Ph.D., Independent Director

Fabrinet's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.60%), FMR LLC (7.43%), Dimensional Fund Advisors LP (5.43%), Vanguard Group Inc. (5.32%), Congress Asset Management Co. MA (4.63%) and Royce & Associates LP (3.74%). Company insiders that own Fabrinet stock include David T Mitchell, Frank H Levinson, Harpal Gill, Homa Bahrami, John Marchetti, Rollance E Olson and Toh-Seng Ng. View Institutional Ownership Trends for Fabrinet.

Fabrinet's stock was sold by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware, Thrivent Financial For Lutherans, Pier Capital LLC, Neumeier Poma Investment Counsel LLC, Marvin & Palmer Associates Inc., Wells Fargo & Company MN, Argent Capital Management LLC and Whale Rock Capital Management LLC. Company insiders that have sold Fabrinet stock in the last year include David T Mitchell and Rollance E Olson. View Insider Buying and Selling for Fabrinet.

Fabrinet's stock was acquired by a variety of institutional investors in the last quarter, including BT Investment Management Ltd, FMR LLC, Legion Partners Asset Management LLC, Royce & Associates LP, Royal Bank of Canada, Congress Asset Management Co. MA, Wasatch Advisors Inc. and Heartland Advisors Inc.. View Insider Buying and Selling for Fabrinet.

Shares of Fabrinet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Fabrinet stock can currently be purchased for approximately $41.92.