Fabrinet (NYSE:FN) Releases Quarterly Earnings Results

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

Fabrinet Trading Up 7.2 %

NYSE FN traded up $16.50 during trading hours on Wednesday, hitting $246.73. The company’s stock had a trading volume of 902,808 shares, compared to its average volume of 490,374. Fabrinet has a 52 week low of $157.55 and a 52 week high of $278.38. The company has a market capitalization of $8.95 billion, a PE ratio of 28.46 and a beta of 0.95. The company’s 50-day simple moving average is $238.50 and its two-hundred day simple moving average is $231.70.

Insider Activity at Fabrinet

In related news, CFO Csaba Sverha sold 9,288 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $270.08, for a total value of $2,508,503.04. Following the transaction, the chief financial officer now owns 19,768 shares of the company’s stock, valued at approximately $5,338,941.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fabrinet news, CFO Csaba Sverha sold 9,288 shares of Fabrinet stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $270.08, for a total transaction of $2,508,503.04. Following the transaction, the chief financial officer now owns 19,768 shares of the company’s stock, valued at $5,338,941.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Seamus Grady sold 26,650 shares of Fabrinet stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $270.00, for a total transaction of $7,195,500.00. Following the transaction, the chief executive officer now directly owns 37,643 shares in the company, valued at approximately $10,163,610. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,728 shares of company stock valued at $11,645,062. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FN shares. Needham & Company LLC started coverage on Fabrinet in a report on Tuesday. They issued a “buy” rating and a $280.00 price objective for the company. Rosenblatt Securities raised their price objective on Fabrinet from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on Fabrinet from $240.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, B. Riley decreased their price objective on Fabrinet from $196.00 to $194.00 and set a “neutral” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.