Flex (NASDAQ:FLEX) Releases Q1 2025 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.370-0.450 for the period, compared to the consensus earnings per share estimate of 0.550. The company issued revenue guidance of $5.6 billion-$6.2 billion, compared to the consensus revenue estimate of $6.3 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.

Flex Price Performance

Shares of FLEX stock traded up $0.48 during trading hours on Friday, reaching $27.90. The company’s stock had a trading volume of 7,558,170 shares, compared to its average volume of 4,047,069. The company has a quick ratio of 0.86, a current ratio of 1.59 and a debt-to-equity ratio of 0.53. Flex has a fifty-two week low of $19.85 and a fifty-two week high of $30.93. The company 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. The firm’s 50 day simple moving average is $28.46 and its 200-day simple moving average is $26.84.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on FLEX. Barclays increased their price target on Flex from $30.00 to $34.00 and gave the company an overweight rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on Flex from $29.00 to $37.00 and gave the company a buy rating in a research note on Monday, March 4th. StockNews.com initiated coverage on Flex in a research note on Wednesday, March 6th. They issued a hold rating for the company. Craig Hallum downgraded shares of Flex from a buy rating to a hold rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Flex from $32.00 to $34.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $32.83.

Insiders Place Their Bets

In related 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 transaction, the insider now owns 159,718 shares in the company, valued at $4,601,475.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP David Scott Offer sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 approximately $4,460,826.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $231,257.87. Following the transaction, the insider now owns 159,718 shares in the company, valued at approximately $4,601,475.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 141,943 shares of company stock worth $4,055,311. 0.56% of the stock is currently 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.