Flex (NASDAQ:FLEX – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.30-2.50 for the period, compared to the consensus EPS estimate of $2.46. The company issued revenue guidance of $25.40-26.40 billion, compared to the consensus revenue estimate of $26.39 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.
Flex Trading Up 1.8 %
Shares of FLEX stock opened at $27.90 on Friday. Flex has a 12 month low of $19.85 and a 12 month high of $30.93. The company has a market cap of $11.75 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.18. The company has a quick ratio of 0.86, a current ratio of 1.59 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $28.46 and its two-hundred day moving average is $26.84.
Flex (NASDAQ:FLEX – Get Free Report) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. Flex had a net margin of 3.58% and a return on equity of 15.88%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.73 billion. Equities analysts predict that Flex will post 2.14 EPS for the current year.
Analyst Upgrades and Downgrades
View Our Latest Report on Flex
Insider Buying and Selling at Flex
In other news, CAO Daniel Wendler sold 1,860 shares of Flex stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $28.89, for a total transaction of $53,735.40. Following the sale, the chief accounting officer now directly owns 28,730 shares in the company, valued at approximately $830,009.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Daniel Wendler sold 1,860 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $28.89, for a total transaction of $53,735.40. Following the completion of the transaction, the chief accounting officer now owns 28,730 shares in the company, valued at approximately $830,009.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Scott Offer sold 75,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total value of $2,064,000.00. Following the transaction, the executive vice president now owns 162,094 shares of the company’s stock, valued at $4,460,826.88. The disclosure for this sale can be found here. Insiders have sold 141,943 shares of company stock valued at $4,055,311 in the last 90 days. 0.56% of the stock is currently owned by company insiders.
Flex Company Profile
Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.
Read More
- Five stocks we like better than Flex
- How Technical Indicators Can Help You Find Oversold Stocks
- MarketBeat Week in Review – 4/29 – 5/3
- Best Stocks Under $5.00
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- When to Sell a Stock for Profit or Loss
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex and related companies with MarketBeat.com's FREE daily email newsletter.