Fabrinet (NYSE:FN) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Fabrinet has set its Q1 guidance at $0.78-0.80 EPS.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). The business had revenue of $370.50 million for the quarter, compared to analysts’ expectations of $363.41 million. Fabrinet had a return on equity of 15.32% and a net margin of 6.84%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, analysts expect Fabrinet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fabrinet (NYSE:FN) opened at $32.25 on Friday. The company has a market cap of $1,211.79, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.03. Fabrinet has a one year low of $31.20 and a one year high of $49.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.80 and a current ratio of 2.57.

Fabrinet declared that its Board of Directors has approved a stock repurchase program on Monday, August 21st that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 21% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other Fabrinet news, CFO Toh-Seng Ng sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.00, for a total transaction of $877,500.00. Following the transaction, the chief financial officer now directly owns 201,749 shares of the company’s stock, valued at approximately $7,868,211. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David T. Mitchell sold 105,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $38.63, for a total transaction of $4,056,150.00. Following the transaction, the chief executive officer now directly owns 111,057 shares in the company, valued at $4,290,131.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,500 shares of company stock worth $8,034,350. Insiders own 3.30% of the company’s stock.

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FN has been the topic of several analyst reports. ValuEngine raised shares of Fabrinet from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 target price on shares of Fabrinet in a research note on Friday, July 14th. Northland Securities set a $50.00 target price on shares of Fabrinet and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. B. Riley reaffirmed a “buy” rating and issued a $44.75 target price on shares of Fabrinet in a research note on Friday, August 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Fabrinet in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $50.92.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.

Earnings History for Fabrinet (NYSE:FN)

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