Flex (NASDAQ:FLEX) Releases FY 2027 Earnings Guidance

Flex (NASDAQ:FLEX) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.420-4.740 for the period, compared to the consensus earnings per share estimate of 4.460. The company issued revenue guidance of $33.7 billion-$35.2 billion, compared to the consensus revenue estimate of $33.3 billion. Flex also updated its Q2 2027 guidance to 1.000-1.070 EPS.

Flex Stock Down 2.4%

Shares of NASDAQ:FLEX opened at $113.28 on Wednesday. The business’s 50-day moving average is $140.84 and its 200-day moving average is $98.96. Flex has a 1 year low of $47.83 and a 1 year high of $166.86. The company has a market capitalization of $41.50 billion, a price-to-earnings ratio of 48.62, a P/E/G ratio of 0.61 and a beta of 1.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.87.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. Equities research analysts predict that Flex will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLEX has been the subject of several analyst reports. Robert W. Baird set a $165.00 price objective on Flex in a research note on Thursday, May 7th. Stifel Nicolaus increased their price objective on shares of Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price target on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Freedom Capital raised Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group lifted their target price on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.70.

Insider Buying and Selling at Flex

In other news, CEO Revathi Advaithi sold 197,879 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $144.32, for a total value of $28,557,897.28. Following the completion of the transaction, the chief executive officer directly owned 623,466 shares of the company’s stock, valued at $89,978,613.12. This trade represents a 24.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Scott Offer sold 33,000 shares of Flex stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $153.91, for a total value of $5,079,030.00. Following the transaction, the executive vice president directly owned 73,471 shares of the company’s stock, valued at $11,307,921.61. The trade was a 30.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 769,195 shares of company stock valued at $110,116,823 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Flex during the 4th quarter valued at about $260,000. Goldman Sachs Group Inc. raised its stake in Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Empowered Funds LLC bought a new stake in Flex during the first quarter valued at approximately $397,000. EverSource Wealth Advisors LLC grew its stake in Flex by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after buying an additional 1,031 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Flex by 92.4% in the 2nd quarter. First Trust Advisors LP now owns 62,078 shares of the technology company’s stock worth $3,099,000 after buying an additional 29,821 shares during the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.