Fabrinet - FN Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FN shares.
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6 analysts have issued 1 year price objectives for Fabrinet's stock. Their FN share price forecasts range from $40.00 to $158.00. On average, they predict the company's stock price to reach $129.00 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
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Fabrinet's stock was trading at $128.22 at the beginning of the year. Since then, FN shares have decreased by 7.4% and is now trading at $118.76.
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Fabrinet saw a decline in short interest in February. As of February 28th, there was short interest totaling 392,300 shares, a decline of 9.0% from the February 13th total of 431,200 shares. Based on an average trading volume of 187,500 shares, the short-interest ratio is presently 2.1 days. Approximately 1.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Fabrinet (NYSE:FN) announced its quarterly earnings results on Sunday, October, 31st. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.33 by $0.12. The technology company earned $543.32 million during the quarter, compared to analyst estimates of $522.60 million. Fabrinet had a trailing twelve-month return on equity of 18.17% and a net margin of 9.47%. Fabrinet's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS.

ETFs with the largest weight of Fabrinet (NYSE:FN) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Asian Growth Cubs ETF (CUBS), Invesco S&P SmallCap Quality ETF (XSHQ), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), iShares S&P Small-Cap 600 Growth ETF (IJT), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Fidelity Small-Mid Cap Opportunities ETF (FSMO).

Fabrinet updated its third quarter 2023 earnings guidance on Monday, February, 6th. The company provided earnings per share guidance of $1.86-$1.93 for the period, compared to the consensus estimate of $1.84. The company issued revenue guidance of $640.00 million-$660.00 million, compared to the consensus revenue estimate of $657.59 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), onsemi (ON), Baidu (BIDU) and Block (SQ).

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

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 $118.76.

Fabrinet (NYSE:FN) has a market capitalization of $4.35 billion and generates $2.26 billion in revenue each year. The technology company earns $200.38 million in net income (profit) each year or $6.33 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.