Fabrinet (FN) to Release Earnings on Monday

Fabrinet (NYSE:FN) will be releasing its earnings data after the market closes on Monday, August 19th. Analysts expect Fabrinet to post earnings of $2.05 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Fabrinet Stock Up 0.3 %

Shares of FN stock opened at $231.08 on Friday. The business has a 50 day moving average of $233.22 and a two-hundred day moving average of $213.78. The company has a market cap of $8.35 billion, a P/E ratio of 30.69 and a beta of 0.96. Fabrinet has a 52 week low of $114.84 and a 52 week high of $266.39.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group started coverage on Fabrinet in a research note on Wednesday, June 26th. They set a “hold” rating and a $230.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Fabrinet from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. B. Riley cut their price objective on shares of Fabrinet from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Fabrinet in a research report on Tuesday, May 7th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.78.

Insider Activity at Fabrinet

In other news, Director Frank H. Levinson sold 6,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $241.71, for a total value of $1,450,260.00. Following the sale, the director now owns 5,709 shares of the company’s stock, valued at approximately $1,379,922.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

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.