Fabrinet - FN Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FN shares.
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4 Wall Street research analysts have issued 1-year price objectives for Fabrinet's stock. Their FN share price forecasts range from $110.00 to $156.00. On average, they expect the company's stock price to reach $133.50 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
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Fabrinet's stock was trading at $128.22 at the beginning of the year. Since then, FN shares have decreased by 1.0% and is now trading at $127.00.
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Fabrinet saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 605,400 shares, an increase of 50.0% from the December 15th total of 403,600 shares. Based on an average trading volume of 192,500 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
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Fabrinet will be holding an earnings conference call on Monday, February 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Fabrinet (NYSE:FN) announced its quarterly earnings data on Monday, November, 7th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.23. The technology company earned $655.43 million during the quarter, compared to analysts' expectations of $630.67 million. Fabrinet had a trailing twelve-month return on equity of 17.74% and a net margin of 9.28%. During the same period in the prior year, the company earned $1.21 earnings per share.

Fabrinet updated its second quarter 2023 earnings guidance on Monday, November, 21st. The company provided earnings per share guidance of $1.86-$1.93 for the period, compared to the consensus 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 retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.24%), Natixis Advisors L.P. (0.23%), New York State Common Retirement Fund (0.18%), Rice Hall James & Associates LLC (0.13%), Seizert Capital Partners LLC (0.08%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, 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 $127.00.

Fabrinet (NYSE:FN) has a market capitalization of $4.65 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.