Flex (NASDAQ:FLEX) Releases FY25 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.39-2.51 for the period, compared to the consensus estimate of $2.40. The company issued revenue guidance of $24.90-25.50 billion, compared to the consensus revenue estimate of $25.79 billion. Flex also updated its FY 2025 guidance to 2.390-2.510 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group set a $39.00 price target on Flex in a research report on Thursday, October 17th. Stifel Nicolaus increased their target price on shares of Flex from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Flex from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays increased their price objective on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Craig Hallum upped their target price on Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $40.83.

Flex Stock Performance

Shares of FLEX traded up $0.81 during midday trading on Friday, reaching $35.48. The stock had a trading volume of 3,604,200 shares, compared to its average volume of 4,162,805. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $31.13. The firm has a market cap of $14.09 billion, a PE ratio of 15.34, a P/E/G ratio of 2.11 and a beta of 1.09. Flex has a one year low of $21.84 and a one year high of $36.98.

Insider Buying and Selling

In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of Flex stock in a transaction on Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now directly owns 240,018 shares of the company’s stock, valued at $8,494,237.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP David Scott Offer sold 10,000 shares of Flex stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $32.95, for a total transaction of $329,500.00. Following the completion of the sale, the executive vice president now directly owns 158,094 shares of the company’s stock, valued at approximately $5,209,197.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kwang Hooi Tan sold 8,028 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $35.39, for a total value of $284,110.92. Following the completion of the sale, the insider now owns 240,018 shares of the company’s stock, valued at $8,494,237.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,028 shares of company stock worth $933,511. Company insiders own 0.82% 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.