Fabrinet (NYSE:FN) Issues Q2 Earnings Guidance

Fabrinet (NYSE:FN) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $2.44-$2.52 for the period, compared to the consensus EPS estimate of $2.45. The company issued revenue guidance of $800-$820 million, compared to the consensus revenue estimate of $797.24 million. Fabrinet also updated its Q2 2025 guidance to 2.440-2.520 EPS.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. B. Riley lowered their target price on shares of Fabrinet from $196.00 to $194.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Fabrinet from $240.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Needham & Company LLC assumed coverage on shares of Fabrinet in a research note on Tuesday. They issued a “buy” rating and a $280.00 target price for the company. Finally, Rosenblatt Securities lifted their target price on shares of Fabrinet from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $248.17.

Fabrinet Stock Performance

Shares of NYSE FN traded up $4.24 during mid-day trading on Thursday, reaching $250.97. The company’s stock had a trading volume of 107,962 shares, compared to its average volume of 488,691. The stock has a 50-day moving average of $238.55 and a two-hundred day moving average of $231.81. The stock has a market capitalization of $9.10 billion, a P/E ratio of 29.20 and a beta of 0.95. Fabrinet has a 1-year low of $159.30 and a 1-year high of $278.38.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.01. Fabrinet had a net margin of 10.28% and a return on equity of 18.50%. The firm had revenue of $804.20 million during the quarter, compared to analyst estimates of $771.24 million. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Fabrinet’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts predict that Fabrinet will post 9.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fabrinet news, EVP Edward T. Archer sold 8,690 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $220.26, for a total transaction of $1,914,059.40. Following the completion of the transaction, the executive vice president now owns 8,333 shares of the company’s stock, valued at $1,835,426.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Fabrinet news, EVP Edward T. Archer sold 8,690 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $220.26, for a total transaction of $1,914,059.40. Following the completion of the transaction, the executive vice president now owns 8,333 shares of the company’s stock, valued at $1,835,426.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Seamus Grady sold 26,650 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 37,643 shares in the company, valued at $10,163,610. This 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 valued at $11,645,062 over the last 90 days. 0.38% of the stock is owned by company insiders.

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.