Fabrinet (NYSE:FN) Releases Q4 Earnings Guidance

Fabrinet (NYSE:FN) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $2.20-2.27 for the period, compared to the consensus EPS estimate of $2.14. The company issued revenue guidance of $720-740 million, compared to the consensus revenue estimate of $727.89 million. Fabrinet also updated its Q4 2024 guidance to 2.200-2.270 EPS.

Analyst Ratings Changes

A number of research analysts have weighed in on FN shares. JPMorgan Chase & Co. boosted their price objective on shares of Fabrinet from $210.00 to $212.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Needham & Company LLC reaffirmed a buy rating and set a $220.00 target price on shares of Fabrinet in a research note on Tuesday. B. Riley decreased their price target on Fabrinet from $173.00 to $171.00 and set a neutral rating for the company in a research note on Tuesday. Rosenblatt Securities reaffirmed a buy rating and issued a $230.00 price objective on shares of Fabrinet in a research report on Tuesday, February 6th. Finally, Northland Securities raised shares of Fabrinet from a market perform rating to an outperform rating and raised their target price for the stock from $200.00 to $220.00 in a research report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Fabrinet presently has an average rating of Moderate Buy and a consensus price target of $161.00.

Fabrinet Stock Performance

NYSE:FN traded up $2.13 during trading hours on Wednesday, reaching $211.44. The company’s stock had a trading volume of 602,280 shares, compared to its average volume of 463,571. Fabrinet has a 12 month low of $90.19 and a 12 month high of $229.02. The stock has a 50 day moving average price of $189.91 and a two-hundred day moving average price of $185.95. The company has a market capitalization of $7.68 billion, a P/E ratio of 30.55 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 5th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.05. The firm had revenue of $712.69 million for the quarter, compared to the consensus estimate of $699.76 million. Fabrinet had a return on equity of 17.27% and a net margin of 9.35%. As a group, analysts predict that Fabrinet will post 7.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Rollance E. Olson sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $205.52, for a total value of $2,055,200.00. Following the sale, the director now directly owns 25,981 shares of the company’s stock, valued at approximately $5,339,615.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.