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

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

Fabrinet announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 6th 2018, which authorizes the company to repurchase $30,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Fabrinet (NYSE:FN) issued its quarterly earnings results on Monday, May, 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.71. The technology company earned $332.20 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business 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 updated its fourth quarter earnings guidance on Monday, May, 7th. The company provided EPS guidance of $0.73-0.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.75. The company issued revenue guidance of $334-342 million, compared to the consensus revenue estimate of $332.82 million.

6 brokers have issued 1-year target prices for Fabrinet's stock. Their forecasts range from $33.00 to $51.00. On average, they anticipate Fabrinet's share 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 Plantronics (PLT), Ciena (CIEN), NetGear (NTGR), Avaya (AVYA), Telkom SA Ltd ADS Common Stock (TLKGY), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), Akoustis Technologies (AKTS), DASAN Zhone Solutions (DZSI), Clearfield (CLFD), Zoom Telephonics (ZMTP), Westell Technologies (WSTL), Communications Systems (JCS) and Clearone (CLRO).

Media stories about FN stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fabrinet earned a daily sentiment score of 0.11 on Accern's scale. They also gave news coverage about the technology company an impact score of 45.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Fabrinet's stock is owned by a variety of of retail and institutional 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 acquired 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]