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 guidance of $1.30-1.70 for the period, compared to the consensus earnings per share estimate of $1.75. Penguin Solutions also updated its FY 2025 guidance to 1.300-1.700 EPS.

Wall Street Analysts Forecast Growth

PENG has been the topic of a number of research reports. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a research report on Friday, November 1st. They issued a “buy” rating and a $21.00 price target for the company. Needham & Company LLC dropped their target price on Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus lowered their price target on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Citizens Jmp upgraded shares of Penguin Solutions to a “strong-buy” rating in a research note on Monday, November 18th. Finally, JMP Securities began coverage on shares of Penguin Solutions in a report on Monday, November 18th. They set an “outperform” rating and a $23.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $23.60.

Penguin Solutions Price Performance

PENG stock opened at $19.61 on Tuesday. The company has a market capitalization of $1.05 billion, a PE ratio of -19.61 and a beta of 1.74. The company’s 50-day moving average price is $17.49. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19. Penguin Solutions has a 52-week low of $14.87 and a 52-week high of $29.81.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data 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 positive return on equity of 8.05% and a negative net margin of 4.48%. The company had revenue of $311.15 million during the quarter, compared to analyst estimates of $325.00 million. Equities analysts expect that Penguin Solutions will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Joseph Gates Clark sold 2,264 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $17.50, for a total value of $39,620.00. Following the completion of the transaction, the insider now directly owns 95,999 shares of the company’s stock, valued at approximately $1,679,982.50. This represents a 2.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $20.05, for a total transaction of $267,346.70. Following the sale, the chief operating officer now owns 235,960 shares of the company’s stock, valued at $4,730,998. This trade represents 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.