Penguin Solutions (NASDAQ:PENG) Issues Earnings Results

Penguin Solutions (NASDAQ:PENG) released its earnings results on Wednesday. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.33 by $0.19, Briefing.com reports. Penguin Solutions had a positive return on equity of 11.70% and a negative net margin of 2.21%. The business had revenue of $365.52 million for the quarter, compared to the consensus estimate of $344.44 million. Penguin Solutions’s revenue for the quarter was up 28.3% compared to the same quarter last year. Penguin Solutions updated its FY25 guidance to $1.50-1.70 EPS and its FY 2025 guidance to 1.500-1.700 EPS.

Penguin Solutions Stock Performance

Penguin Solutions stock opened at $18.05 on Thursday. The stock has a market capitalization of $961.90 million, a PE ratio of -34.71 and a beta of 1.83. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33. The firm’s fifty day moving average price is $19.55. Penguin Solutions has a one year low of $14.87 and a one year high of $22.67.

Insider Buying and Selling at Penguin Solutions

In other news, COO Jack A. Pacheco sold 6,667 shares of Penguin Solutions stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $22.14, for a total transaction of $147,607.38. Following the transaction, the chief operating officer now owns 231,548 shares in the company, valued at $5,126,472.72. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joseph Gates Clark sold 2,131 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $20.94, for a total transaction of $44,623.14. Following the sale, the senior vice president now directly owns 89,469 shares of the company’s stock, valued at approximately $1,873,480.86. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,684 shares of company stock worth $393,617 in the last three months. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PENG has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $27.00 price target on shares of Penguin Solutions in a research note on Thursday. Loop Capital started coverage on shares of Penguin Solutions in a research note on Tuesday, January 7th. They issued a “buy” rating and a $30.00 target price on the stock. Barclays raised their price target on shares of Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Penguin Solutions in a research report on Thursday. Finally, JPMorgan Chase & Co. began coverage on Penguin Solutions in a research note on Monday. They issued a “neutral” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $24.75.

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.