Penguin Solutions (NASDAQ:PENG) Issues FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 1.300-1.700 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -. Penguin Solutions also updated its FY25 guidance to $1.30-1.70 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PENG shares. Stifel Nicolaus dropped their price objective 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. JMP Securities initiated coverage on Penguin Solutions in a research note on Monday, November 18th. They issued an “outperform” rating and a $23.00 price target for the company. Needham & Company LLC reduced their price objective on shares of Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Citizens Jmp upgraded shares of Penguin Solutions to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Barclays reduced their price target on shares of Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $23.60.

Penguin Solutions Stock Performance

PENG stock opened at $20.00 on Wednesday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -20.00 and a beta of 1.74. The firm has a fifty day simple moving average of $17.49. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.19 and a current ratio of 2.65. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $29.81.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results on Tuesday, October 15th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $311.15 million during the quarter, compared to the consensus estimate of $325.00 million. Penguin Solutions had a positive return on equity of 8.05% and a negative net margin of 4.48%. On average, equities analysts predict that Penguin Solutions will post 1.33 EPS for the current year.

Insiders Place Their Bets

In other news, insider Joseph Gates Clark sold 2,264 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $17.50, for a total value of $39,620.00. Following the completion of the sale, the insider now owns 95,999 shares in the company, valued at approximately $1,679,982.50. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $20.05, for a total value of $267,346.70. Following the completion of the sale, the chief operating officer now owns 235,960 shares in the company, valued at approximately $4,730,998. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

About Penguin Solutions

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.