Research Analysts Offer Predictions for Fabrinet Q2 Earnings

Fabrinet (NYSE:FN) – Investment analysts at Northland Securities upped their Q2 2027 earnings per share (EPS) estimates for shares of Fabrinet in a report issued on Tuesday, November 3rd. Northland Securities analyst T. Savageaux now expects that the technology company will earn $4.63 per share for the quarter, up from their previous forecast of $4.21. The consensus estimate for Fabrinet’s current full-year earnings is $17.57 per share.

Several other research analysts have also recently issued reports on the company. Wall Street Zen cut Fabrinet from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Fox Advisors raised shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 19th. Barclays lowered their price objective on shares of Fabrinet from $739.00 to $496.00 and set an “overweight” rating on the stock in a research note on Wednesday. Rosenblatt Securities dropped their price objective on shares of Fabrinet from $750.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Susquehanna cut their target price on shares of Fabrinet from $850.00 to $600.00 and set a “positive” rating for the company in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $548.88.

Fabrinet Stock Down 14.1%

Fabrinet stock opened at $293.62 on Friday. Fabrinet has a one year low of $286.07 and a one year high of $748.89. The stock has a fifty day moving average of $396.23 and a 200 day moving average of $519.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 2.04. The stock has a market cap of $10.49 billion, a PE ratio of 22.16 and a beta of 1.35.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.13. Fabrinet had a return on equity of 22.32% and a net margin of 9.35%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $2.92 EPS. The company’s revenue for the quarter was up 50.7% on a year-over-year basis.

Insiders Place Their Bets

In related news, EVP Edward Archer sold 2,500 shares of Fabrinet stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total transaction of $964,775.00. Following the transaction, the executive vice president directly owned 7,007 shares in the company, valued at approximately $2,704,071.37. The trade was a 26.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Paradigm Capital Management Inc. NY bought a new position in shares of Fabrinet during the 2nd quarter valued at approximately $298,183,000. Janus Henderson Group PLC increased its holdings in Fabrinet by 15.9% in the 1st quarter. Janus Henderson Group PLC now owns 291,659 shares of the technology company’s stock worth $152,071,000 after acquiring an additional 40,090 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Fabrinet by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 216,049 shares of the technology company’s stock worth $112,674,000 after acquiring an additional 28,166 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Fabrinet by 108.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company’s stock worth $88,350,000 after acquiring an additional 85,780 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Fabrinet by 11.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 128,795 shares of the technology company’s stock worth $72,393,000 after acquiring an additional 13,245 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Company Profile

Fabrinet (NYSE: FN) is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.