News stories about Flextronics International (NASDAQ:FLEX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Flextronics International earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Interactive Kiosks Global Market Research Methodology, Research Scope Forecast 2022 (emailwire.com)
- Two Spokane Valley factories imminent (spokanejournal.com)
- Flextronics International Ltd. (FLEX) Expected to Post Quarterly Sales of $5.90 Billion (americanbankingnews.com)
- Insider Selling: Flextronics International Ltd. (FLEX) CAO Sells 25,000 Shares of Stock (americanbankingnews.com)
- Flextronics International Ltd. (FLEX) CFO Christopher Collier Sells 78,088 Shares (americanbankingnews.com)
Shares of Flextronics International (NASDAQ:FLEX) traded up 0.68% on Monday, reaching $16.40. The company had a trading volume of 1,148,609 shares. The stock has a 50-day moving average price of $16.84 and a 200-day moving average price of $16.00. Flextronics International has a 12 month low of $11.87 and a 12 month high of $17.76. The stock has a market cap of $8.69 billion, a PE ratio of 27.80 and a beta of 0.80.
Flextronics International (NASDAQ:FLEX) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.68 billion. Flextronics International had a return on equity of 21.19% and a net margin of 1.34%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Analysts predict that Flextronics International will post $1.20 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Macquarie started coverage on shares of Flextronics International in a research note on Thursday, June 22nd. They set a “neutral” rating on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 price target on shares of Flextronics International in a report on Friday, June 16th. BidaskClub downgraded Flextronics International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Craig Hallum upgraded Flextronics International from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Finally, ValuEngine upgraded Flextronics International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.13.
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In other Flextronics International news, CAO David P. Bennett sold 5,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $16.61, for a total transaction of $93,946.16. Following the completion of the sale, the chief accounting officer now directly owns 62,974 shares of the company’s stock, valued at approximately $1,045,998.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael M. Mcnamara sold 58,838 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $16.81, for a total value of $989,066.78. The disclosure for this sale can be found here. Insiders have sold a total of 960,741 shares of company stock valued at $15,728,470 over the last three months. Corporate insiders own 0.94% of the company’s stock.
About Flextronics International
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
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