Fabrinet (NYSE:FN) is scheduled to be issuing its Q216 quarterly earnings data after the market closes on Monday, February 1st. Analysts expect the company to announce earnings of $0.46 per share and revenue of $220.75 million for the quarter.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, November 2nd. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $208.72 million. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, analysts expect Fabrinet to post $1.84 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.

Fabrinet (NYSE:FN) opened at 22.72 on Friday. Fabrinet has a 12-month low of $15.68 and a 12-month high of $24.53. The firm has a market cap of $813.01 million and a price-to-earnings ratio of 24.20. The company’s 50 day moving average is $23.06 and its 200 day moving average is $20.99.

In other Fabrinet news, CFO Toh-Seng Ng sold 53,266 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $23.05, for a total value of $1,227,781.30. Following the transaction, the chief financial officer now owns 124,913 shares in the company, valued at approximately $2,879,244.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rollance E. Olson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $23.02, for a total transaction of $115,100.00. Following the completion of the transaction, the director now owns 44,668 shares in the company, valued at approximately $1,028,257.36. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Fabrinet stock. Russell Frank Co acquired a new stake in shares of Fabrinet (NYSE:FN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 98,659 shares of the company’s stock, valued at approximately $2,381,000. Russell Frank Co owned about 0.28% of Fabrinet at the end of the most recent quarter.

Several research firms recently commented on FN. Northland Securities increased their target price on shares of Fabrinet from $25.00 to $27.50 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. B. Riley restated a “buy” rating and set a $26.50 price target on shares of Fabrinet in a report on Wednesday, November 4th. Needham & Company LLC restated a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Fabrinet in a report on Wednesday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Fabrinet from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Fabrinet from $23.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Fabrinet presently has a consensus rating of “Buy” and a consensus target price of $25.86.

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (NYSE:FN) of complex products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test. The Company focuses primarily on the production of low-volume, high-mix products. The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The products offered by the Company include optical communications devices, solid state diode-pumped gas and fiber lasers, and sensors.

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