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 analysts have issued 12-month price targets for Fabrinet's stock. 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 twelve months. This suggests a possible upside of 21.7% from the stock's current price.
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Fabrinet's stock was trading at $118.47 on January 1st, 2022. Since then, FN stock has decreased by 19.9% and is now trading at $94.95.
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Fabrinet saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 610,500 shares, a decrease of 8.0% from the August 15th total of 663,400 shares. Based on an average daily volume of 179,100 shares, the short-interest ratio is presently 3.4 days. Approximately 1.7% of the shares of the stock are short sold.
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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 results on Monday, August, 15th. The technology company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.26. The technology company had revenue of $587.90 million for the quarter, compared to analyst estimates of $581.48 million. Fabrinet had a trailing twelve-month return on equity of 16.67% and a net margin of 8.86%. Fabrinet's revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS.

Fabrinet issued an update on its first quarter 2023 earnings guidance on Monday, September, 12th. The company provided earnings per share guidance of $1.72-$1.79 for the period, compared to the consensus EPS 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."

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 $94.95.

Fabrinet (NYSE:FN) has a market capitalization of $3.46 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.