Flex (NASDAQ:FLEX) Issues FY 2025 Earnings Guidance

Flex (NASDAQ:FLEX) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.300-2.500 for the period, compared to the consensus estimate of 2.460. The company issued revenue guidance of $25.4 billion-$26.4 billion, compared to the consensus revenue estimate of $26.6 billion. Flex also updated its FY25 guidance to $2.30-2.50 EPS.

Analyst Upgrades and Downgrades

FLEX has been the topic of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Flex from $29.00 to $37.00 and gave the stock a buy rating in a research note on Monday, March 4th. Craig Hallum lowered Flex from a buy rating to a hold rating and dropped their price objective for the company from $28.00 to $27.00 in a research note on Thursday. StockNews.com began coverage on Flex in a research report on Wednesday, March 6th. They set a hold rating for the company. Barclays lifted their price target on Flex from $30.00 to $34.00 and gave the company an overweight rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Flex from $32.00 to $34.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Flex presently has an average rating of Moderate Buy and a consensus price target of $32.83.

Flex Price Performance

FLEX stock traded up $0.48 during mid-day trading on Friday, hitting $27.90. 7,558,170 shares of the stock were exchanged, compared to its average volume of 4,047,069. The business has a fifty day moving average price of $28.46 and a 200 day moving average price of $26.84. Flex has a 12 month low of $19.85 and a 12 month high of $30.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.71 and a beta of 1.18.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, January 31st. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.73 billion. Flex had a return on equity of 15.88% and a net margin of 3.58%. On average, sell-side analysts anticipate that Flex will post 2.14 EPS for the current year.

Insiders Place Their Bets

In other Flex news, insider Kwang Hooi Tan sold 8,027 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total value of $231,257.87. Following the completion of the sale, the insider now directly owns 159,718 shares of the company’s stock, valued at $4,601,475.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP David Scott Offer sold 75,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the completion of the sale, the executive vice president now owns 162,094 shares of the company’s stock, valued at $4,460,826.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kwang Hooi Tan sold 8,027 shares of Flex stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total transaction of $231,257.87. Following the completion of the transaction, the insider now directly owns 159,718 shares in the company, valued at $4,601,475.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,943 shares of company stock valued at $4,055,311. 0.56% of the stock is currently owned by corporate insiders.

About Flex

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.