Fabrinet (NYSE:FN – Get Free Report) announced its quarterly earnings data on Monday. The technology company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.35, Briefing.com reports. Fabrinet had a net margin of 9.90% and a return on equity of 17.67%. The company had revenue of $753.26 million for the quarter, compared to analysts’ expectations of $732.63 million. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. Fabrinet updated its Q1 guidance to $2.33-2.40 EPS.
Fabrinet Stock Performance
FN opened at $267.44 on Wednesday. Fabrinet has a twelve month low of $143.57 and a twelve month high of $278.38. The firm has a market cap of $9.67 billion, a P/E ratio of 35.55 and a beta of 0.96. The business has a 50 day moving average price of $233.78 and a 200 day moving average price of $214.16.
Insider Buying and Selling
In related news, Director Frank H. Levinson sold 6,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $241.71, for a total transaction of $1,450,260.00. Following the completion of the transaction, the director now owns 5,709 shares of the company’s stock, valued at approximately $1,379,922.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company’s stock.
Analyst Ratings Changes
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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.
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