Forgent Power Solutions (NYSE:FPS) Issues FY 2027 Earnings Guidance

Forgent Power Solutions (NYSE:FPS) updated its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.260-1.400 for the period, compared to the consensus EPS estimate of 1.140. The company issued revenue guidance of $2.4 billion-$2.6 billion, compared to the consensus revenue estimate of $2.1 billion.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FPS. Jefferies Financial Group upped their price objective on Forgent Power Solutions from $44.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Robert W. Baird began coverage on Forgent Power Solutions in a report on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 price target on the stock. Weiss Ratings downgraded Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wolfe Research restated an “outperform” rating and set a $60.00 target price on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Finally, TD Cowen lifted their price objective on Forgent Power Solutions from $63.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.75.

Forgent Power Solutions Stock Performance

Shares of FPS stock opened at $30.64 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.64. The firm has a market capitalization of $9.33 billion and a price-to-earnings ratio of 199.31. Forgent Power Solutions has a one year low of $25.95 and a one year high of $66.00. The company has a 50 day moving average price of $35.89 and a 200 day moving average price of $40.21.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $461.67 million for the quarter. Forgent Power Solutions had a net margin of 2.17% and a return on equity of 12.14%. The company’s revenue was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Sell-side analysts anticipate that Forgent Power Solutions will post 0.62 EPS for the current year.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc develops and manufactures products used in electric power transmission and distribution infrastructure. Its offerings support the generation, transmission, distribution and management of electrical power for utility and industrial applications.

The company’s product portfolio includes equipment and components used in overhead and underground power networks, including electrical connectors, fittings, line hardware and other engineered solutions designed to support the reliability and efficiency of power-delivery systems.

Forgent Power Solutions serves electric utilities, distributors and industrial customers, primarily through markets connected to North American power infrastructure.