Fabrinet (NYSE:FN – Get Free Report) posted its quarterly earnings results on Monday. The technology company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.35, Briefing.com reports. The firm had revenue of $753.26 million for the quarter, compared to analyst estimates of $732.63 million. Fabrinet had a return on equity of 17.67% and a net margin of 9.90%. Fabrinet’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. Fabrinet updated its Q1 guidance to $2.33-2.40 EPS.
Fabrinet Price Performance
FN opened at $267.67 on Wednesday. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 35.55 and a beta of 0.96. The company’s 50 day moving average price is $233.78 and its two-hundred day moving average price is $214.16. Fabrinet has a fifty-two week low of $116.63 and a fifty-two week high of $278.38.
Insider Transactions at Fabrinet
In other news, Director Frank H. Levinson sold 6,000 shares of Fabrinet stock in a transaction on Friday, May 24th. The shares were sold at an average price of $241.71, for a total value of $1,450,260.00. Following the completion of the sale, the director now owns 5,709 shares in the company, valued at approximately $1,379,922.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.51% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Fabrinet
About Fabrinet
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.
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