Penguin Solutions (NASDAQ:PENG) Releases FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.300-1.700 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -. Penguin Solutions also updated its FY25 guidance to $1.30-1.70 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PENG shares. The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research report on Friday, November 1st. They set a “buy” rating and a $21.00 target price for the company. Barclays cut their price objective on Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Needham & Company LLC dropped their price target on Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus reduced their price objective on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, JMP Securities began coverage on shares of Penguin Solutions in a research report on Monday, November 18th. They set an “outperform” rating and a $23.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Penguin Solutions currently has a consensus rating of “Buy” and an average price target of $23.60.

Penguin Solutions Trading Down 1.3 %

Shares of NASDAQ:PENG opened at $19.61 on Tuesday. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $29.81. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19. The stock’s 50 day moving average price is $17.49. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -19.61 and a beta of 1.74.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $311.15 million for the quarter, compared to the consensus estimate of $325.00 million. Penguin Solutions had a positive return on equity of 8.05% and a negative net margin of 4.48%. On average, sell-side analysts predict that Penguin Solutions will post 1.33 EPS for the current year.

Insider Activity

In related news, COO Jack A. Pacheco sold 13,334 shares of Penguin Solutions stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $20.05, for a total transaction of $267,346.70. Following the completion of the transaction, the chief operating officer now directly owns 235,960 shares of the company’s stock, valued at $4,730,998. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph Gates Clark sold 2,264 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $17.50, for a total transaction of $39,620.00. Following the completion of the transaction, the insider now owns 95,999 shares in the company, valued at approximately $1,679,982.50. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.