Fabrinet (NYSE:FN) Announces Quarterly Earnings Results

Fabrinet (NYSE:FN) announced its quarterly earnings data on Monday. The technology company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.01, Briefing.com reports. Fabrinet had a net margin of 10.27% and a return on equity of 18.10%. The company 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 posted $1.78 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. Fabrinet updated its Q2 guidance to $2.44-$2.52 EPS and its Q2 2025 guidance to 2.440-2.520 EPS.

Fabrinet Price Performance

Shares of NYSE FN traded up $16.50 during trading hours on Wednesday, reaching $246.73. The stock had a trading volume of 902,857 shares, compared to its average volume of 490,374. The business’s fifty day moving average is $238.50 and its two-hundred day moving average is $231.70. Fabrinet has a twelve month low of $157.55 and a twelve month high of $278.38. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 28.46 and a beta of 0.95.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FN shares. Rosenblatt Securities raised 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. JPMorgan Chase & Co. increased their price objective on shares of Fabrinet from $240.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Needham & Company LLC started coverage on Fabrinet in a research report on Tuesday. They issued a “buy” rating and a $280.00 target price for the company. Finally, B. Riley reduced their price objective on Fabrinet from $196.00 to $194.00 and set a “neutral” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.17.

Insider Activity

In other Fabrinet news, CEO Seamus Grady sold 26,650 shares of the 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 transaction, the chief executive officer now directly owns 37,643 shares in the company, valued at approximately $10,163,610. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Csaba Sverha sold 100 shares of Fabrinet stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $270.00, for a total value of $27,000.00. Following the transaction, the chief financial officer now directly owns 19,347 shares of the company’s stock, valued at $5,223,690. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction on Friday, August 23rd. The shares were 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 approximately $10,163,610. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,728 shares of company stock worth $11,645,062. Company insiders own 0.38% of the company’s stock.

About Fabrinet

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.