Penguin Solutions (NASDAQ:PENG) Issues FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.30-1.70 for the period, compared to the consensus estimate of $1.75. Penguin Solutions also updated its FY 2025 guidance to 1.300-1.700 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PENG shares. Citizens Jmp raised Penguin Solutions to a “strong-buy” rating in a research note on Monday, November 18th. Barclays decreased their target price on shares of Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Needham & Company LLC cut their price target on shares of Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. JMP Securities assumed coverage on shares of Penguin Solutions in a research report on Monday, November 18th. They set an “outperform” rating and a $23.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $23.60.

Penguin Solutions Trading Up 2.0 %

NASDAQ:PENG opened at $20.00 on Wednesday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -20.00 and a beta of 1.74. Penguin Solutions has a 1 year low of $14.87 and a 1 year high of $29.81. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 1.65. The firm has a fifty day moving average price of $17.49.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.04). Penguin Solutions had a negative net margin of 4.48% and a positive return on equity of 8.05%. The business had revenue of $311.15 million during the quarter, compared to analyst estimates of $325.00 million. As a group, analysts anticipate that Penguin Solutions will post 1.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Joseph Gates Clark sold 2,264 shares of Penguin Solutions stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $17.50, for a total transaction of $39,620.00. Following the sale, the insider now directly owns 95,999 shares in the company, valued at approximately $1,679,982.50. The trade was a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $20.05, for a total transaction of $267,346.70. Following the completion of the sale, the chief operating officer now directly owns 235,960 shares in the company, valued at approximately $4,730,998. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.