Fabrinet Company Profile (NYSE:FN)

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

Fabrinet announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 22nd 2017, which authorizes the company to repurchase $30,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 21% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Fabrinet (NYSE:FN) posted its quarterly earnings data on Monday, August, 21st. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.11. The company earned $370.50 million during the quarter, compared to analysts' expectations of $363.41 million. Fabrinet had a return on equity of 15.32% and a net margin of 6.84%. The company's revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. View Fabrinet's Earnings History.

Fabrinet is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Fabrinet.

Fabrinet updated its first quarter earnings guidance on Monday, August, 21st. The company provided EPS guidance of $0.78-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.87. The company issued revenue guidance of $356-360 million, compared to the consensus revenue estimate of $375.62 million.

6 equities research analysts have issued 1 year price objectives for Fabrinet's shares. Their forecasts range from $46.50 to $60.00. On average, they expect Fabrinet's share price to reach $51.58 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. " (8/24/2017)
• 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 MACOM Technology Solutions Holdings (MTSI), Anixter International (AXE), Vishay Intertechnology (VSH), New Relic (NEWR), Trivago N.V. ADS (TRVG), FIH Mobile (FXCNY), Verint Systems (VRNT), InterDigital (IDCC), Pitney Bowes (PBI), Finisar Corporation (FNSR), The Trade Desk (TTD), Paylocity Holding Corporation (PCTY), WebMD Health Corp (WBMD), Inovalon Holdings (INOV), Cree (CREE), Box (BOX), Mercury Systems (MRCY) and Amkor Technology (AMKR).

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 a number of 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, Rollance E Olson, Thomas F Kelly 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., Lord Abbett & CO. LLC, Wells Fargo & Company MN and Argent Capital Management LLC. Company insiders that have sold Fabrinet 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.

Fabrinet's stock was bought 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 $35.78.