Fabrinet (NYSE:FN) Announces Earnings Results

Fabrinet (NYSE:FN) posted its earnings results on Monday. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.38 by $0.01, Briefing.com reports. The company had revenue of $804.20 million during the quarter, compared to analyst estimates of $771.24 million. Fabrinet had a return on equity of 18.10% and a net margin of 10.27%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. Fabrinet updated its Q2 guidance to $2.44-$2.52 EPS and its Q2 2025 guidance to 2.440-2.520 EPS.

Fabrinet Stock Performance

Shares of NYSE:FN traded up $11.79 during trading on Wednesday, reaching $242.02. The company had a trading volume of 433,071 shares, compared to its average volume of 488,189. The firm’s fifty day moving average is $238.50 and its 200 day moving average is $231.70. The firm has a market capitalization of $8.78 billion, a PE ratio of 28.46 and a beta of 0.95. Fabrinet has a twelve month low of $157.55 and a twelve month high of $278.38.

Insider Activity at Fabrinet

In other news, EVP Edward T. Archer sold 8,690 shares of the firm’s 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 in the company, valued at approximately $1,835,426.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Edward T. Archer sold 8,690 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $220.26, for a total transaction of $1,914,059.40. Following the completion of the sale, the executive vice president now directly owns 8,333 shares of the company’s stock, valued at $1,835,426.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Seamus Grady sold 26,650 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $270.00, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,728 shares of company stock worth $11,645,062 over the last quarter. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on FN. JPMorgan Chase & Co. upped their price objective on Fabrinet from $240.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Rosenblatt Securities upped their price target on shares of Fabrinet from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. B. Riley cut their price objective on shares of Fabrinet from $196.00 to $194.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC began coverage on shares of Fabrinet in a research note on Tuesday. They set a “buy” rating and a $280.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target of $248.17.

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 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.