Flex (NASDAQ:FLEX) Issues FY25 Earnings Guidance

Flex (NASDAQ:FLEX) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.30-2.50 for the period, compared to the consensus earnings per share estimate of $2.46. The company issued revenue guidance of $25.40-26.40 billion, compared to the consensus revenue estimate of $26.39 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.

Flex Stock Performance

Shares of FLEX stock opened at $27.90 on Friday. Flex has a one year low of $19.85 and a one year high of $30.93. The company has a market cap of $11.75 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.71 and a beta of 1.18. The firm has a 50-day moving average of $28.46 and a 200-day moving average of $26.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86.

Flex (NASDAQ:FLEX) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. Flex had a net margin of 3.58% and a return on equity of 15.88%. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Equities research analysts forecast that Flex will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FLEX. The Goldman Sachs Group lifted their price target on Flex from $29.00 to $37.00 and gave the stock a buy rating in a report on Monday, March 4th. Barclays boosted their price target on shares of Flex from $30.00 to $34.00 and gave the stock an overweight rating in a report on Thursday. Craig Hallum lowered shares of Flex from a buy rating to a hold rating and lowered their price objective for the stock from $28.00 to $27.00 in a research report on Thursday. StockNews.com initiated coverage on shares of Flex in a research report on Wednesday, March 6th. They set a hold rating for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Flex from $32.00 to $34.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $32.83.

Insider Buying and Selling at Flex

In other news, EVP David Scott Offer sold 75,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total value of $2,064,000.00. Following the completion of the transaction, the executive vice president now directly owns 162,094 shares of the company’s stock, valued at $4,460,826.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP David Scott Offer sold 75,000 shares of Flex stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the completion of the sale, the executive vice president now owns 162,094 shares of the company’s stock, valued at $4,460,826.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca Sidelinger sold 13,675 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $27.99, for a total value of $382,763.25. Following the completion of the sale, the insider now directly owns 161,913 shares in the company, valued at approximately $4,531,944.87. The disclosure for this sale can be found here. Insiders have sold a total of 141,943 shares of company stock valued at $4,055,311 over the last three months. 0.56% of the stock is currently 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.