Penguin Solutions (NASDAQ:PENG) Releases FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.30-1.70 for the period, compared to the consensus estimate of $1.75. Penguin Solutions also updated its FY 2025 guidance to 1.300-1.700 EPS.

Penguin Solutions Trading Up 2.0 %

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

Penguin Solutions (NASDAQ:PENG) last released 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 business had revenue of $311.15 million during the quarter, compared to analyst estimates of $325.00 million. As a group, sell-side analysts predict that Penguin Solutions will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PENG. Needham & Company LLC reduced their price target on Penguin Solutions from $35.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Barclays lowered their price objective on Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus lowered their target price on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research report on Friday, November 1st. They issued a “buy” rating and a $21.00 target price for the company. Finally, JMP Securities began coverage on shares of Penguin Solutions in a research report on Monday, November 18th. They set an “outperform” rating and a $23.00 price target on the stock. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Penguin Solutions currently has a consensus rating of “Buy” and an average target price of $23.60.

Insider Transactions at Penguin Solutions

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

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.