Flex (NASDAQ:FLEX) Issues FY 2025 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.300-2.500 for the period, compared to the consensus EPS estimate of 2.380. The company issued revenue guidance of $25.4 billion-$26.4 billion, compared to the consensus revenue estimate of $25.8 billion. Flex also updated its FY25 guidance to $2.30-2.50 EPS.

Wall Street Analyst Weigh In

FLEX has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Flex from $34.00 to $40.00 and gave the company an overweight rating in a research report on Tuesday. Stifel Nicolaus lifted their target price on Flex from $32.00 to $37.00 and gave the company a buy rating in a report on Thursday. Craig Hallum raised shares of Flex from a hold rating to a buy rating and increased their price target for the stock from $27.00 to $39.00 in a report on Thursday. Barclays boosted their price objective on shares of Flex from $34.00 to $39.00 and gave the company an overweight rating in a research note on Thursday. Finally, StockNews.com cut shares of Flex from a buy rating to a hold rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $38.40.

Flex Trading Up 2.9 %

Shares of Flex stock traded up $0.90 during midday trading on Friday, reaching $31.84. 2,647,986 shares of the company’s stock traded hands, compared to its average volume of 4,548,349. The company has a market cap of $12.70 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The stock has a 50 day moving average of $31.08 and a 200-day moving average of $28.54. Flex has a 12 month low of $21.84 and a 12 month high of $34.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.79 and a current ratio of 1.52.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Flex had a return on equity of 15.53% and a net margin of 3.54%. As a group, equities analysts expect that Flex will post 2.06 EPS for the current fiscal year.

Insider Activity at Flex

In other Flex news, CFO Paul Lundstrom sold 200,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $32.46, for a total value of $6,492,000.00. Following the transaction, the chief financial officer now directly owns 294,027 shares in the company, valued at $9,544,116.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael D. Capellas sold 78,872 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $33.64, for a total value of $2,653,254.08. Following the completion of the transaction, the director now owns 219,037 shares of the company’s stock, valued at approximately $7,368,404.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Lundstrom sold 200,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $32.46, for a total transaction of $6,492,000.00. Following the transaction, the chief financial officer now owns 294,027 shares in the company, valued at approximately $9,544,116.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 804,542 shares of company stock worth $25,147,972. 0.82% of the stock is owned by 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.