Flex (NASDAQ:FLEX – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.30-2.50 for the period, compared to the consensus estimate of $2.38. The company issued revenue guidance of $25.4-26.4 billion, compared to the consensus revenue estimate of $25.76 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.
Flex Trading Up 3.3 %
NASDAQ FLEX traded up $1.02 during trading on Friday, hitting $31.96. The company had a trading volume of 1,552,256 shares, compared to its average volume of 4,540,564. The company has a current ratio of 1.52, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61. Flex has a one year low of $21.84 and a one year high of $34.12. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The company’s fifty day moving average is $31.08 and its 200-day moving average is $28.54.
Flex (NASDAQ:FLEX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Flex had a net margin of 3.54% and a return on equity of 15.53%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. On average, sell-side analysts predict that Flex will post 2.06 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on Flex
Insider Activity at Flex
In other news, CAO Daniel Wendler sold 1,275 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.30, for a total transaction of $39,907.50. Following the sale, the chief accounting officer now owns 32,510 shares of the company’s stock, valued at approximately $1,017,563. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Kwang Hooi Tan sold 14,599 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.65, for a total transaction of $418,261.35. Following the sale, the insider now owns 163,656 shares of the company’s stock, valued at approximately $4,688,744.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Daniel Wendler sold 1,275 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.30, for a total transaction of $39,907.50. Following the sale, the chief accounting officer now directly owns 32,510 shares in the company, valued at approximately $1,017,563. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 804,542 shares of company stock valued at $25,147,972. 0.82% of the stock is 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.
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