Penguin Solutions (NASDAQ:PENG) Issues FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.30-$1.70 for the period, compared to the consensus estimate of $1.65. The company issued revenue guidance of $1.29-$1.40 billion, compared to the consensus revenue estimate of $1.34 billion.

Penguin Solutions Stock Down 3.6 %

PENG opened at $19.13 on Friday. The firm’s 50 day moving average price is $18.57. Penguin Solutions has a 52-week low of $14.87 and a 52-week high of $29.81. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -19.13 and a beta of 1.69.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $311.15 million during the quarter, compared to analysts’ expectations of $325.00 million. Penguin Solutions had a negative net margin of 4.48% and a positive return on equity of 8.05%. Equities analysts expect that Penguin Solutions will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PENG shares. JMP Securities assumed coverage on Penguin Solutions in a report on Monday, November 18th. They set an “outperform” rating and a $23.00 target price for the company. The Goldman Sachs Group started coverage on Penguin Solutions in a research note on Friday, November 1st. They set a “buy” rating and a $21.00 price objective for the company. Loop Capital initiated coverage on Penguin Solutions in a research note on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Needham & Company LLC boosted their price target on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citizens Jmp raised shares of Penguin Solutions to a “strong-buy” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Penguin Solutions currently has a consensus rating of “Buy” and a consensus price target of $25.43.

Insiders Place Their Bets

In other news, COO Jack A. Pacheco sold 13,334 shares of Penguin Solutions stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $20.05, for a total transaction of $267,346.70. Following the sale, the chief operating officer now owns 235,960 shares of the company’s stock, valued at approximately $4,730,998. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Gates Clark sold 2,264 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $17.50, for a total transaction of $39,620.00. Following the transaction, the insider now directly owns 95,999 shares of the company’s stock, valued at $1,679,982.50. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,264 shares of company stock valued at $440,287 in the last quarter. Insiders own 2.60% of the company’s stock.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.