Fabrinet (NYSE:FN) Issues Q2 Earnings Guidance

Fabrinet (NYSE:FN) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.44-$2.52 for the period, compared to the consensus estimate of $2.45. The company issued revenue guidance of $800-$820 million, compared to the consensus revenue estimate of $797.24 million. Fabrinet also updated its Q2 2025 guidance to 2.440-2.520 EPS.

Wall Street Analyst Weigh In

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

Fabrinet Stock Performance

NYSE:FN traded up $3.23 during midday trading on Wednesday, reaching $233.46. 277,488 shares of the stock traded hands, compared to its average volume of 487,465. The stock has a market capitalization of $8.47 billion, a PE ratio of 28.46 and a beta of 0.95. Fabrinet has a 12-month low of $157.55 and a 12-month high of $278.38. The business has a 50-day moving average of $238.50 and a two-hundred day moving average of $231.70.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, November 4th. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.38 by $0.01. Fabrinet had a net margin of 10.27% and a return on equity of 18.10%. The business had revenue of $804.20 million for the quarter, compared to the consensus estimate of $771.24 million. During the same period in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Research analysts anticipate that Fabrinet will post 9.11 earnings per share for the current year.

Insider Activity

In other Fabrinet news, CEO Seamus Grady sold 26,650 shares of Fabrinet stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $270.00, for a total transaction of $7,195,500.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Edward T. Archer sold 8,690 shares of the company’s stock in a transaction that occurred 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 owns 8,333 shares in the company, valued at $1,835,426.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Seamus Grady sold 26,650 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $270.00, for a total transaction of $7,195,500.00. Following the completion of the sale, the chief executive officer now owns 37,643 shares of the company’s stock, valued at $10,163,610. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,728 shares of company stock worth $11,645,062 over the last ninety days. Corporate insiders own 0.38% 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.