Flex (NASDAQ:FLEX) Issues Earnings Results

Flex (NASDAQ:FLEX) announced its quarterly earnings data on Wednesday. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07, Zacks reports. Flex had a return on equity of 17.83% and a net margin of 3.95%. Flex updated its FY 2025 guidance to 2.570-2.650 EPS and its Q4 2025 guidance to 0.650-0.730 EPS.

Flex Trading Up 0.1 %

Shares of FLEX opened at $42.14 on Friday. The stock has a fifty day moving average of $39.95 and a two-hundred day moving average of $35.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market capitalization of $16.34 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. Flex has a fifty-two week low of $23.64 and a fifty-two week high of $45.10.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Craig Hallum lifted their price objective on Flex from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. KeyCorp initiated coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 price target for the company. Barclays lifted their price target on shares of Flex from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Flex from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group set a $39.00 price target on shares of Flex in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flex currently has a consensus rating of “Buy” and a consensus target price of $43.67.

Insider Buying and Selling at Flex

In related news, Director Charles K. Stevens III sold 13,157 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now directly owns 55,713 shares of the company’s stock, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is currently 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.