Wall Street analysts expect Fabrinet (NYSE:FN) to report earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Fabrinet’s earnings. Fabrinet reported earnings of $0.86 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.8%. The firm is expected to issue its next quarterly earnings report on Monday, August 20th.

According to Zacks, analysts expect that Fabrinet will report full-year earnings of $2.91 per share for the current year, with EPS estimates ranging from $2.89 to $2.92. For the next fiscal year, analysts expect that the firm will report earnings of $3.21 per share, with EPS estimates ranging from $3.10 to $3.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Fabrinet.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $319.17 million. Fabrinet had a net margin of 6.36% and a return on equity of 12.48%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share.

Several brokerages have issued reports on FN. Needham & Company LLC raised their price objective on shares of Fabrinet from $40.00 to $45.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Northland Securities downgraded shares of Fabrinet from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research note on Wednesday, May 30th. B. Riley raised their price objective on shares of Fabrinet to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, May 8th. Finally, ValuEngine downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.67.

Fabrinet traded up $0.61, hitting $37.42, during trading on Monday, according to Marketbeat Ratings. The stock had a trading volume of 5,442 shares, compared to its average volume of 582,621. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.84 and a quick ratio of 2.01. The company has a market cap of $1.39 billion, a P/E ratio of 14.59, a PEG ratio of 1.23 and a beta of 0.63. Fabrinet has a one year low of $24.02 and a one year high of $47.02.

In other news, insider David T. Mitchell sold 40,000 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $30.77, for a total transaction of $1,230,800.00. Following the sale, the insider now directly owns 111,057 shares of the company’s stock, valued at $3,417,223.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Toh-Seng Ng sold 27,188 shares of the business’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $36.91, for a total transaction of $1,003,509.08. Following the sale, the chief financial officer now directly owns 200,887 shares in the company, valued at $7,414,739.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,730 shares of company stock worth $7,713,854. 3.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in Fabrinet by 2.4% during the first quarter. BlackRock Inc. now owns 4,734,989 shares of the technology company’s stock valued at $148,585,000 after purchasing an additional 111,017 shares during the period. Dimensional Fund Advisors LP lifted its position in Fabrinet by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,623,670 shares of the technology company’s stock valued at $82,331,000 after purchasing an additional 348,728 shares during the period. Royce & Associates LP lifted its position in Fabrinet by 55.9% during the fourth quarter. Royce & Associates LP now owns 2,418,024 shares of the technology company’s stock valued at $69,397,000 after purchasing an additional 866,564 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Fabrinet by 12.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,193,501 shares of the technology company’s stock valued at $37,453,000 after purchasing an additional 130,571 shares during the period. Finally, Legion Partners Asset Management LLC lifted its position in Fabrinet by 13.6% during the first quarter. Legion Partners Asset Management LLC now owns 1,036,359 shares of the technology company’s stock valued at $32,521,000 after purchasing an additional 124,000 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Fabrinet Company Profile

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

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

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.