For its first fiscal quarter (ending September 30), Fabrinet (NYSE: FN) has reported a 19% increase in E.P.S. from $1.80 a year ago to $2.14 in the current quarter. For the latest four quarters through September 30, E.P.S. were $8.51 versus $6.82 for the same period a year ago — an increase of 25%.
Recent Price Action
Fabrinet (NYSE: FN) stock closed at $239.61 on 11/4/24 after a modest decline of -1.2%. Moreover, this decline was accompanied by above average trading volume at 128% of normal. The stock has declined -2.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fabrinet has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Fabrinet has a slightly negative Appreciation Score of 34 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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