Fabrinet (NYSE:FN) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Fabrinet (NYSE:FN) posted its earnings results on Monday. The technology company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.01, Briefing.com reports. The firm had revenue of $804.20 million for the quarter, compared to analyst estimates of $771.24 million. Fabrinet had a net margin of 10.28% and a return on equity of 18.50%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm 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 Price Performance

Shares of Fabrinet stock traded up $8.21 during trading on Thursday, reaching $254.94. 159,175 shares of the company traded hands, compared to its average volume of 488,814. Fabrinet has a 1-year low of $159.30 and a 1-year high of $278.38. The firm has a market capitalization of $9.25 billion, a PE ratio of 29.20 and a beta of 0.95. The company has a 50 day moving average price of $238.55 and a 200-day moving average price of $231.81.

Analysts Set New Price Targets

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

Insider Activity

In other Fabrinet news, CEO Seamus Grady sold 26,650 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 37,643 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. In other news, CFO Csaba Sverha sold 100 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $270.00, for a total transaction of $27,000.00. Following the completion of the sale, the chief financial officer now owns 19,347 shares in the company, valued at $5,223,690. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Seamus Grady sold 26,650 shares of the 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 transaction, the chief executive officer now directly owns 37,643 shares of the company’s stock, valued at approximately $10,163,610. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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.