Flex (NASDAQ:FLEX – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.30-2.50 for the period, compared to the consensus earnings per share estimate of $2.38. The company issued revenue guidance of $25.4-26.4 billion, compared to the consensus revenue estimate of $25.76 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.
Flex Trading Up 7.8 %
Shares of FLEX traded up $2.31 during trading hours on Wednesday, hitting $32.03. The stock had a trading volume of 5,723,697 shares, compared to its average volume of 4,534,902. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.79 and a current ratio of 1.52. The firm has a market cap of $12.77 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.97 and a beta of 1.12. The company’s fifty day simple moving average is $31.00 and its 200 day simple moving average is $28.50. Flex has a 12-month low of $21.84 and a 12-month high of $34.12.
Flex (NASDAQ:FLEX – Get Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. Flex had a return on equity of 16.46% and a net margin of 3.58%. Equities research analysts forecast that Flex will post 2.06 EPS for the current fiscal year.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Flex
Insider Buying and Selling at Flex
In other news, insider Kwang Hooi Tan sold 14,599 shares of Flex stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $28.65, for a total transaction of $418,261.35. Following the sale, the insider now directly owns 163,656 shares of the company’s stock, valued at $4,688,744.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Kwang Hooi Tan sold 14,599 shares of Flex stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $28.65, for a total transaction of $418,261.35. Following the sale, the insider now directly owns 163,656 shares of the company’s stock, valued at $4,688,744.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Lundstrom sold 35,733 shares of Flex stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $28.65, for a total value of $1,023,750.45. Following the sale, the chief financial officer now directly owns 507,752 shares in the company, valued at $14,547,094.80. The disclosure for this sale can be found here. Insiders have sold 804,542 shares of company stock valued at $25,147,972 over the last three months. 0.82% of the stock is owned by company 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.
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