Wall Street analysts expect Flex Ltd (NASDAQ:FLEX) to announce $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Flex’s earnings. Flex reported earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Flex will report full-year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.23 to $1.30. For the next fiscal year, analysts forecast that the business will post earnings of $1.48 per share, with EPS estimates ranging from $1.40 to $1.54. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Flex.

Flex (NASDAQ:FLEX) last released its earnings results on Tuesday, April 30th. The technology company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Flex had a return on equity of 3.03% and a net margin of 0.36%. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same quarter last year, the business posted $0.28 EPS. Flex’s quarterly revenue was down 3.3% compared to the same quarter last year.

A number of research analysts have commented on FLEX shares. ValuEngine raised Flex from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub raised Flex from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research raised Flex from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised Flex from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.33.

NASDAQ:FLEX traded down $0.34 during trading hours on Thursday, reaching $8.94. 8,882,521 shares of the stock were exchanged, compared to its average volume of 7,207,008. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.81. Flex has a 52 week low of $6.74 and a 52 week high of $15.38. The company has a market cap of $4.77 billion, a PE ratio of 49.67, a P/E/G ratio of 0.58 and a beta of 1.80.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new stake in shares of Flex in the 1st quarter worth approximately $2,354,000. Marshall Wace LLP bought a new stake in shares of Flex in the 1st quarter worth approximately $8,403,000. Rehmann Capital Advisory Group lifted its holdings in shares of Flex by 136.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 21,326 shares of the technology company’s stock worth $213,000 after purchasing an additional 12,320 shares during the last quarter. Front Row Advisors LLC lifted its holdings in shares of Flex by 646.9% in the 1st quarter. Front Row Advisors LLC now owns 2,547 shares of the technology company’s stock worth $25,000 after purchasing an additional 2,206 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Flex by 71.7% in the 1st quarter. FMR LLC now owns 17,803,429 shares of the technology company’s stock worth $178,034,000 after purchasing an additional 7,437,416 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

About Flex

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

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