With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. The 52-week range on FN shows that it touched its highest point at $281.79 and its lowest point at $148.55 during that stretch. It currently has a 1-year price target of $258.50. Beta for the stock currently stands at 0.98.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FN was up-trending over the past week, with a rise of 1.00%, but this was up by 15.80% over a month. Three-month performance surged to 29.16% while six-month performance rose 1.38%. The stock lost -0.82% in the past year, while it has gained 7.89% so far this year. A look at the trailing 12-month EPS for FN yields 8.97 with Next year EPS estimates of 11.62. For the next quarter, that number is 2.63. This implies an EPS growth rate of 14.32% for this year and 14.51% for next year. EPS is expected to grow by 14.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.77%.
Float and Shares Shorts:
At present, 35.83 million FN shares are outstanding with a float of 35.67 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FN since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $8.73088 being high and $8.69092 being low. For FN, this leads to a yearly average estimate of $8.7109. Based on analyst estimates, the high estimate for the next quarter is $2.91 and the low estimate is $2.61. The average estimate for the next quarter is thus $2.73.
