Fabrinet (NYSE:FN) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Fabrinet (NYSE:FNGet Free Report) issued its quarterly earnings data on Monday. The technology company reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.01, Briefing.com reports. The company had revenue of $804.20 million for the quarter, compared to the consensus estimate of $771.24 million. Fabrinet had a net margin of 10.27% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Fabrinet updated its Q2 guidance to $2.44-$2.52 EPS and its Q2 2025 guidance to 2.440-2.520 EPS.

Fabrinet Stock Performance

FN traded up $16.50 during trading on Wednesday, hitting $246.73. The stock had a trading volume of 902,808 shares, compared to its average volume of 490,374. The company has a market capitalization of $8.95 billion, a PE ratio of 28.46 and a beta of 0.95. Fabrinet has a twelve month low of $157.55 and a twelve month high of $278.38. The stock has a 50 day simple moving average of $238.50 and a two-hundred day simple moving average of $231.70.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FN shares. Rosenblatt Securities increased their price target on shares of Fabrinet from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price target on shares of Fabrinet from $240.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Needham & Company LLC started coverage on shares of Fabrinet in a research report on Tuesday. They issued a “buy” rating and a $280.00 price target on the stock. Finally, B. Riley decreased their price target on shares of Fabrinet from $196.00 to $194.00 and set a “neutral” rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.17.

View Our Latest Stock Report on Fabrinet

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CFO Csaba Sverha sold 9,288 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $270.08, for a total value of $2,508,503.04. Following the completion of the sale, the chief financial officer now directly owns 19,768 shares in the company, valued at $5,338,941.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fabrinet news, CFO Csaba Sverha sold 9,288 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $270.08, for a total value of $2,508,503.04. Following the completion of the transaction, the chief financial officer now owns 19,768 shares of the company’s stock, valued at approximately $5,338,941.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Seamus Grady sold 26,650 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $270.00, for a total transaction of $7,195,500.00. Following the transaction, the chief executive officer now directly owns 37,643 shares of the company’s stock, valued at approximately $10,163,610. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,728 shares of company stock worth $11,645,062 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Fabrinet Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Fabrinet (NYSE:FN)

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