Analysts See $0.75 EPS for Fabrinet (FN)

August 12, 2018 - By Darrel Chase

Investors sentiment increased to 0.96 in Q1 2018. Its up 0.06, from 0.9 in 2017Q4. It is positive, as 34 investors sold Fabrinet shares while 51 reduced holdings. 29 funds opened positions while 53 raised stakes. 36.25 million shares or 17.37% less from 43.87 million shares in 2017Q4 were reported.
Yorktown Research Incorporated has invested 0.13% in Fabrinet (NYSE:FN). Invesco Limited accumulated 182,418 shares or 0% of the stock. Vaughan Nelson Inv Ltd Partnership holds 0.46% in Fabrinet (NYSE:FN) or 1.19M shares. Envestnet Asset Management Incorporated invested in 106 shares. Pekin Singer Strauss Asset Management Il, a Illinois-based fund reported 474,244 shares. Deutsche Fincl Bank Ag invested in 364,793 shares or 0.01% of the stock. Royal Bancshares Of Canada invested 0.01% of its portfolio in Fabrinet (NYSE:FN). Pathstone Family Office Ltd Liability stated it has 0% of its portfolio in Fabrinet (NYSE:FN). 632,546 are owned by Northern. California State Teachers Retirement holds 55,284 shares or 0% of its portfolio. Gsa Capital Llp, a United Kingdom-based fund reported 37,520 shares. Friess Assocs Lc invested 0.87% of its portfolio in Fabrinet (NYSE:FN). Moreover, Comerica Bank has 0.01% invested in Fabrinet (NYSE:FN) for 39,623 shares. Renaissance Technology Ltd Liability holds 0.01% or 228,700 shares in its portfolio. Koch Industry stated it has 17,277 shares.

Since February 16, 2018, it had 0 insider purchases, and 12 selling transactions for $14.98 million activity. $594,287 worth of Fabrinet (NYSE:FN) shares were sold by Gill Harpal. Another trade for 27,188 shares valued at $1.00 million was sold by Ng Toh-Seng.

Analysts expect Fabrinet (NYSE:FN) to report $0.75 EPS on August, 20.They anticipate $0.03 EPS change or 4.17 % from last quarter’s $0.72 EPS. FN’s profit would be $27.67 million giving it 14.03 P/E if the $0.75 EPS is correct. After having $0.55 EPS previously, Fabrinet’s analysts see 36.36 % EPS growth. The stock increased 0.36% or $0.15 during the last trading session, reaching $42.09. About 347,251 shares traded or 12.88% up from the average. Fabrinet (NYSE:FN) has declined 0.57% since August 13, 2017 and is downtrending. It has underperformed by 13.14% the S&P500.

Fabrinet (NYSE:FN) Ratings Coverage

Among 2 analysts covering Fabrinet (NYSE:FN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Fabrinet had 3 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was downgraded by Northland Capital to “Hold” on Wednesday, May 30. FBR Capital maintained Fabrinet (NYSE:FN) on Tuesday, May 8 with “Buy” rating. Northland Capital maintained it with “Buy” rating and $3500 target in Tuesday, April 17 report.

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. The company has market cap of $1.55 billion. It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. It has a 18.07 P/E ratio. The companyÂ’s products comprise switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths and speeds, and over various distances; tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as for Infiniband, Ethernet, fiber channel, and optical backplane connectivity.

Fabrinet (NYSE:FN) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.