Flex (NASDAQ:FLEX) Releases FY 2025 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.390-2.510 for the period, compared to the consensus EPS estimate of 2.410. The company issued revenue guidance of $24.9 billion-$25.5 billion, compared to the consensus revenue estimate of $25.8 billion. Flex also updated its FY25 guidance to $2.39-2.51 EPS.

Flex Trading Up 3.3 %

NASDAQ FLEX traded up $1.15 during mid-day trading on Wednesday, reaching $35.82. 2,260,750 shares of the stock were exchanged, compared to its average volume of 4,152,600. The business’s fifty day simple moving average is $32.61 and its 200 day simple moving average is $31.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.75 and a current ratio of 1.40. The stock has a market capitalization of $14.22 billion, a PE ratio of 15.55, a PEG ratio of 2.01 and a beta of 1.09. Flex has a 1-year low of $21.84 and a 1-year high of $36.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on shares of Flex from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp initiated coverage on Flex in a research report on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 target price on the stock. The Goldman Sachs Group set a $39.00 price target on shares of Flex in a research report on Thursday, October 17th. Finally, Craig Hallum upgraded shares of Flex from a “hold” rating to a “buy” rating and increased their price objective for the company from $27.00 to $39.00 in a research note on Thursday, July 25th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Flex has a consensus rating of “Buy” and a consensus price target of $39.17.

Insider Transactions at Flex

In other news, EVP David Scott Offer sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $31.99, for a total value of $319,900.00. Following the sale, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, 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 sale, the insider now owns 240,018 shares in the company, valued at approximately $8,494,237.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Scott Offer sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 168,094 shares in the company, valued at $5,377,327.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,028 shares of company stock worth $933,511 in the last 90 days. 0.82% of the stock is owned by insiders.

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.