Fabrinet (NYSE:FN) announced its earnings results on Sunday. The technology company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07, MarketWatch Earnings reports. The company had revenue of $479.32 million during the quarter, compared to analyst estimates of $467.24 million. Fabrinet had a net margin of 7.18% and a return on equity of 13.37%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share.
Shares of FN traded down $0.72 during mid-day trading on Tuesday, reaching $85.39. The stock had a trading volume of 10,449 shares, compared to its average volume of 159,783. Fabrinet has a 12 month low of $54.38 and a 12 month high of $94.25. The business has a fifty day moving average of $89.77 and a 200 day moving average of $80.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.37 and a current ratio of 3.32. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 26.46 and a beta of 1.01.
In other news, Director Rollance E. Olson sold 7,000 shares of the business’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $86.33, for a total value of $604,310.00. Following the transaction, the director now owns 41,540 shares of the company’s stock, valued at $3,586,148.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rollance E. Olson sold 3,000 shares of the business’s stock in a transaction on Monday, March 1st. The stock was sold at an average price of $91.00, for a total transaction of $273,000.00. Following the completion of the transaction, the director now directly owns 38,474 shares in the company, valued at approximately $3,501,134. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock worth $2,524,905 in the last three months. Insiders own 0.67% of the company’s stock.
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.
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