Flex (NASDAQ:FLEX) Issues FY25 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.39-2.51 for the period, compared to the consensus EPS 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.

Flex Trading Up 2.3 %

Shares of NASDAQ:FLEX traded up $0.81 during trading on Friday, hitting $35.48. The company had a trading volume of 3,604,200 shares, compared to its average volume of 4,162,805. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 0.75. The company has a fifty day simple moving average of $32.76 and a two-hundred day simple moving average of $31.13. Flex has a one year low of $21.84 and a one year high of $36.98.

Analysts Set New Price Targets

Several research firms have recently issued reports on FLEX. JPMorgan Chase & Co. raised their target price on shares of Flex from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group set a $39.00 target price on Flex in a research report on Thursday, October 17th. Stifel Nicolaus increased their price target on Flex from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Barclays boosted their price objective on Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. Finally, StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $40.83.

Insider Buying and Selling at Flex

In other Flex news, EVP David Scott Offer sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $31.99, for a total transaction of $319,900.00. Following the transaction, the executive vice president now directly owns 168,094 shares in the company, valued at $5,377,327.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Flex news, EVP David Scott Offer sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $31.99, for a total transaction of $319,900.00. Following the sale, the executive vice president now owns 168,094 shares of the company’s stock, valued at approximately $5,377,327.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kwang Hooi Tan sold 8,028 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $35.39, for a total value of $284,110.92. Following 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. Insiders sold a total of 28,028 shares of company stock valued at $933,511 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

About Flex

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.