Equities Analysts Set Expectations for Fabrinet Q3 Earnings

Fabrinet (NYSE:FN) – Equities researchers at Northland Securities upped their Q3 2027 EPS estimates for shares of Fabrinet in a note issued to investors on Tuesday, November 3rd. Northland Securities analyst T. Savageaux now expects that the technology company will post earnings per share of $4.94 for the quarter, up from their prior forecast of $4.60. The consensus estimate for Fabrinet’s current full-year earnings is $18.96 per share. Northland Securities also issued estimates for Fabrinet’s Q4 2027 earnings at $5.24 EPS and FY2027 earnings at $19.12 EPS.

Several other equities analysts also recently issued reports on FN. Weiss Ratings downgraded shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Susquehanna cut their target price on shares of Fabrinet from $850.00 to $600.00 and set a “positive” rating for the company in a research note on Wednesday, October 21st. Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 19th. Barclays decreased their price target on shares of Fabrinet from $739.00 to $496.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Finally, B. Riley Financial lowered their price objective on Fabrinet from $431.00 to $385.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $548.88.

Fabrinet Stock Up 11.9%

Fabrinet stock opened at $365.97 on Monday. The stock has a market capitalization of $13.07 billion, a PE ratio of 23.48 and a beta of 1.35. Fabrinet has a 12 month low of $286.07 and a 12 month high of $748.89. The business has a 50 day simple moving average of $393.22 and a 200-day simple moving average of $517.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 1.52.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.13. Fabrinet had a net margin of 9.35% and a return on equity of 22.32%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $2.92 EPS. The business’s quarterly revenue was up 50.7% on a year-over-year basis.

Institutional Investors Weigh In On Fabrinet

A number of hedge funds have recently modified their holdings of FN. Paradigm Capital Management Inc. NY purchased a new position in shares of Fabrinet in the second quarter worth about $298,183,000. Allspring Global Investments Holdings LLC grew its stake in Fabrinet by 108.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company’s stock valued at $88,350,000 after acquiring an additional 85,780 shares in the last quarter. Rokos Capital Management LLP purchased a new stake in Fabrinet during the 1st quarter valued at about $31,753,000. Bowen Hanes & Co. Inc. grew its stake in Fabrinet by 97.4% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 98,715 shares of the technology company’s stock valued at $51,482,000 after acquiring an additional 48,715 shares in the last quarter. Finally, Calamos Advisors LLC raised its holdings in Fabrinet by 1,469.7% in the 3rd quarter. Calamos Advisors LLC now owns 51,800 shares of the technology company’s stock valued at $21,977,000 after acquiring an additional 48,500 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fabrinet news, EVP Edward Archer sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total value of $964,775.00. Following the transaction, the executive vice president owned 7,007 shares in the company, valued at approximately $2,704,071.37. This trade represents a 26.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

About Fabrinet

Fabrinet (NYSE: FN) is a provider of advanced optical packaging and precision manufacturing services. The company works with original equipment manufacturers and other technology companies to produce complex products that require specialized engineering and manufacturing capabilities.

Its services include product design and engineering support, prototyping, supply-chain management, and manufacturing. Fabrinet’s products serve markets including optical communications, industrial lasers, automotive technology, and medical devices.

Founded in 1999, Fabrinet serves customers around the world through manufacturing operations in multiple countries.