Market Watch: Fabrinet (FN)’s Noteworthy Drop, Closing at 214.39

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As of close of business last night, Fabrinet’s stock clocked out at $214.39, down -3.38% from its previous closing price of $221.90. In other words, the price has decreased by -$3.38 from its previous closing price. On the day, 0.73 million shares were traded.

Ratios:

To gain a deeper understanding of FN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.53. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Fox Advisors on February 18, 2025, initiated with a Overweight rating and assigned the stock a target price of $270.

On November 20, 2024, B. Riley Securities Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $194 to $178.

On November 14, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $292.Barclays initiated its Equal Weight rating on November 14, 2024, with a $292 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 12 ’24 when Gill Harpal bought 18,675 shares for $275.00 per share.

Archer Edward T. sold 8,690 shares of FN for $1,914,021 on Sep 05 ’24. The EVP, Sales & Marketing now owns 8,333 shares after completing the transaction at $220.26 per share. On Sep 05 ’24, another insider, Archer Edward T., who serves as the Officer of the company, bought 8,690 shares for $220.26 each.

Valuation Measures:

As of this moment, Fabrinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.99, and their Forward P/E ratio for the next fiscal year is 18.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 4.19.

Stock Price History:

Over the past 52 weeks, FN has reached a high of $281.79, while it has fallen to a 52-week low of $159.69. The 50-Day Moving Average of the stock is -5.55%, while the 200-Day Moving Average is calculated to be -8.61%.

Shares Statistics:

A total of 35.98M shares are outstanding, with a floating share count of 35.83M. Insiders hold about 0.45% of the company’s shares, while institutions hold 104.96% stake in the company.

Earnings Estimates

The market rating of Fabrinet (FN) is currently shaped by the ongoing analysis conducted by 7.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $2.7, with high estimates of $2.8 and low estimates of $2.6.

Analysts are recommending an EPS of between $10.42 and $10.18 for the fiscal current year, implying an average EPS of $10.29. EPS for the following year is $11.6, with 8.0 analysts recommending between $12.54 and $10.26.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $859.38M. It ranges from a high estimate of $861.3M to a low estimate of $854M. As of the current estimate, Fabrinet’s year-ago sales were $731.53MFor the next quarter, 6 analysts are estimating revenue of $887.99M. There is a high estimate of $902.2M for the next quarter, whereas the lowest estimate is $878M.

A total of 6 analysts have provided revenue estimates for FN’s current fiscal year. The highest revenue estimate was $3.4B, while the lowest revenue estimate was $3.37B, resulting in an average revenue estimate of $3.39B. In the same quarter a year ago, actual revenue was $2.88BBased on 7 analysts’ estimates, the company’s revenue will be $3.84B in the next fiscal year. The high estimate is $4.09B and the low estimate is $3.51B.

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