Flex (NASDAQ:FLEX) Releases FY 2025 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.300-2.500 for the period, compared to the consensus earnings per share 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.

Flex Trading Up 1.8 %

FLEX stock traded up $0.48 during midday trading on Friday, hitting $27.90. The stock had a trading volume of 7,558,170 shares, compared to its average volume of 4,047,069. Flex has a 12-month low of $19.85 and a 12-month high of $30.93. The firm has a market cap of $11.75 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.18. The company’s 50-day moving average price is $28.46 and its 200 day moving average price is $26.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86.

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 the consensus estimate of $0.53 by $0.10. Flex had a return on equity of 15.88% and a net margin of 3.58%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.73 billion. On average, equities research analysts predict that Flex will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Flex

In other news, insider Rebecca Sidelinger sold 13,675 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $27.99, for a total value of $382,763.25. Following the completion of the sale, the insider now owns 161,913 shares of the company’s stock, valued at approximately $4,531,944.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Rebecca Sidelinger sold 13,675 shares of Flex stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $27.99, for a total value of $382,763.25. Following the completion of the transaction, the insider now directly owns 161,913 shares of the company’s stock, valued at approximately $4,531,944.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael P. Hartung sold 43,381 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $30.51, for a total transaction of $1,323,554.31. Following the sale, the insider now owns 154,810 shares in the company, valued at approximately $4,723,253.10. The disclosure for this sale can be found here. Insiders sold a total of 141,943 shares of company stock valued at $4,055,311 in the last ninety days. Insiders own 0.56% of the company’s stock.

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.