Flex (NASDAQ:FLEX) Updates FY25 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.39-2.51 for the period, compared to the consensus earnings per share 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 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 firm’s 50-day simple moving average is $32.76 and its two-hundred day simple moving average is $31.13. Flex has a 1 year low of $21.84 and a 1 year high of $36.98. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 2.11 and a beta of 1.09.

Analyst Upgrades and Downgrades

FLEX has been the subject of several research analyst reports. Barclays raised their target price on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. increased 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. Craig Hallum increased their price target on shares of Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus increased their price target on shares of Flex from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, KeyCorp assumed coverage on shares of Flex in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 price target for the company. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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 firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $32.95, for a total transaction of $329,500.00. Following the completion of the sale, the executive vice president now directly owns 158,094 shares in the company, valued at approximately $5,209,197.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Flex news, EVP David Scott Offer sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $32.95, for a total transaction of $329,500.00. Following the completion of the sale, the executive vice president now directly owns 158,094 shares in the company, valued at approximately $5,209,197.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kwang Hooi Tan sold 8,028 shares of Flex stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the sale, the insider now owns 240,018 shares of the company’s stock, valued at $8,494,237.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,028 shares of company stock worth $933,511. 0.82% of the stock is owned by corporate insiders.

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.