Fabrinet - FN Stock Forecast, Price & News

4 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FN shares.
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4 Wall Street research analysts have issued twelve-month target prices for Fabrinet's shares. Their FN share price forecasts range from $88.00 to $140.00. On average, they expect the company's share price to reach $119.90 in the next twelve months. This suggests that the stock has a possible downside of 7.3%.
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Fabrinet's stock was trading at $118.47 at the beginning of the year. Since then, FN shares have increased by 9.2% and is now trading at $129.33.
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Fabrinet saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 892,600 shares, an increase of 40.3% from the October 15th total of 636,100 shares. Based on an average trading volume of 205,600 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
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Fabrinet (NYSE:FN) released its quarterly earnings results on Sunday, October, 31st. The technology company reported $1.45 earnings per share (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 the consensus estimate of $522.60 million. Fabrinet had a net margin of 9.28% and a trailing twelve-month return on equity of 17.74%. The firm's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS.

Fabrinet updated its second quarter 2023 earnings guidance on Monday, November, 21st. The company provided earnings per share (EPS) guidance of $1.86-$1.93 for the period, compared to the consensus EPS estimate of $1.73. The company issued revenue guidance of $640.00 million-$660.00 million, compared to the consensus revenue estimate of $632.36 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."

Fabrinet's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.33%), Vanguard Group Inc. (11.40%), Dimensional Fund Advisors LP (4.02%), State Street Corp (3.31%), Victory Capital Management Inc. (2.95%) and Artisan Partners Limited Partnership (2.66%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng.
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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 $129.33.

Fabrinet (NYSE:FN) has a market capitalization of $4.73 billion and generates $2.26 billion in revenue each year. The technology company earns $200.38 million in net income (profit) each year or $5.92 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.