Wall Street analysts predict that Fabrinet (NYSE:FN) will post earnings of $0.93 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Fabrinet’s earnings. Fabrinet reported earnings of $0.97 per share in the same quarter last year, which would indicate a negative year over year growth rate of 4.1%. The firm is scheduled to report its next quarterly earnings results on Monday, February 3rd.

On average, analysts expect that Fabrinet will report full-year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.85. For the next financial year, analysts forecast that the company will post earnings of $4.26 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Fabrinet.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.14. The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $390.30 million. Fabrinet had a return on equity of 14.48% and a net margin of 7.41%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS.

A number of brokerages recently issued reports on FN. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Fabrinet in a report on Monday, January 6th. ValuEngine upgraded Fabrinet from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies boosted their price target on Fabrinet from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Northland Securities reiterated a “buy” rating and set a $70.00 price target on shares of Fabrinet in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Fabrinet currently has an average rating of “Buy” and an average target price of $66.33.

In other news, Director David T. Mitchell sold 30,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.93, for a total value of $1,707,900.00. Following the completion of the transaction, the director now directly owns 27,402 shares of the company’s stock, valued at approximately $1,559,995.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Seamus Grady sold 6,082 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $57.19, for a total value of $347,829.58. Following the completion of the sale, the chief executive officer now directly owns 105,597 shares in the company, valued at approximately $6,039,092.43. The disclosure for this sale can be found here. Insiders sold 124,047 shares of company stock valued at $7,497,064 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC acquired a new stake in shares of Fabrinet in the 3rd quarter valued at $32,000. First Interstate Bank bought a new stake in shares of Fabrinet in the 3rd quarter worth about $76,000. Fox Run Management L.L.C. bought a new stake in shares of Fabrinet in the 3rd quarter worth about $227,000. Miles Capital Inc. grew its holdings in shares of Fabrinet by 6.2% in the 2nd quarter. Miles Capital Inc. now owns 4,762 shares of the technology company’s stock worth $237,000 after purchasing an additional 278 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of Fabrinet in the 3rd quarter worth about $246,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

NYSE FN traded down $1.60 during trading on Friday, reaching $64.75. The company’s stock had a trading volume of 129,181 shares, compared to its average volume of 187,151. The stock has a market capitalization of $2.44 billion, a PE ratio of 19.33, a PEG ratio of 1.60 and a beta of 1.08. The business has a 50-day moving average price of $63.41 and a 200-day moving average price of $55.93. The company has a current ratio of 3.25, a quick ratio of 2.26 and a debt-to-equity ratio of 0.06. Fabrinet has a 1-year low of $42.33 and a 1-year high of $67.17.

Fabrinet Company Profile

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 optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test.

Featured Story: Closed-End Mutual Funds

Get a free copy of the Zacks research report on Fabrinet (FN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fabrinet (NYSE:FN)

Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.