Fabrinet Company Profile (NYSE:FN)

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

Fabrinet (NYSE:FN) posted its quarterly earnings results on Monday, May, 8th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.17. The company earned $366.80 million during the quarter, compared to analysts' expectations of $362.07 million. Fabrinet had a return on equity of 15.24% and a net margin of 7.32%. Fabrinet's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. View Fabrinet's Earnings History.

Fabrinet updated its fourth quarter earnings guidance on Monday, May, 8th. The company provided EPS guidance of $0.82-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.88. The company issued revenue guidance of $361-365 million, compared to the consensus revenue estimate of $368.68 million.

5 equities research analysts have issued 1-year price objectives for Fabrinet's shares. Their predictions range from $44.75 to $58.00. On average, they anticipate Fabrinet's stock price to reach $52.15 in the next year. 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. " (5/2/2017)
• 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)
• 4. JPMorgan Chase & Co. analysts commented, "Fabrinet posted F4Q revenues well above expectations on in-line EPS, and raised F1Q17 guidance above expectations underscoring solid secular momentum in 100G as Telco demand continues to ramp. Capacity utilization is at peak levels, Fabrinet West is ramping, Silicon Photonics is driving new business (~20% of revenues) and the firm’s new manufacturing building is expected to be completed by the end of September and start shipping products in F3Q17. We stay Overweight on solid execution." (8/16/2016)

Some companies that are related to Fabrinet include ACI Worldwide (ACIW), Amaya (AYA), Black Knight Financial Services (BKFS), FireEye (FEYE), Zendesk (ZEN), Pure Storage (PSTG), Itron (ITRI), HubSpot (HUBS), Verint Systems (VRNT), Viavi Solutions (VIAV), RingCentral (RNG), Anixter International (AXE), 3D Systems (DDD), CommVault Systems (CVLT), MakeMyTrip Limited (MMYT), Semtech (SMTC), Paylocity Holding Corp (PCTY) and Vishay Intertechnology (VSH).

Fabrinet's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.67%), FMR LLC (5.69%), Dimensional Fund Advisors LP (5.47%), Vanguard Group Inc. (5.12%), Congress Asset Management Co. MA (3.78%) and Royce & Associates LP (2.70%). 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 Ameriprise Financial Inc., FMR LLC, Wellington Management Group LLP, UBS Asset Management Americas Inc., Braun Stacey Associates Inc., Credit Suisse AG, JPMorgan Chase & Co. and AQR 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 BlackRock Inc., Congress Asset Management Co. MA, Royce & Associates LP, Whale Rock Capital Management LLC, Teachers Advisors LLC, Kennedy Capital Management Inc., Icon Advisers Inc. Co. and Garelick Capital Partners LP. 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 $36.70.