Forgent Power Solutions (NYSE:FPS - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.300-1.440 for the period, compared to the consensus EPS estimate of 1.340. The company issued revenue guidance of $2.5 billion-$2.7 billion, compared to the consensus revenue estimate of $2.5 billion.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Weiss Ratings downgraded Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, October 2nd. Morgan Stanley set a $45.00 price objective on shares of Forgent Power Solutions in a research report on Friday, October 16th. TD Cowen lifted their target price on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, September 16th. Zacks Research raised shares of Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Finally, Roth Capital initiated coverage on shares of Forgent Power Solutions in a research note on Friday, November 6th. They set a "buy" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.21.
View Our Latest Analysis on Forgent Power Solutions
Forgent Power Solutions Stock Up 14.6%
Shares of Forgent Power Solutions stock opened at $24.61 on Thursday. The stock has a market capitalization of $7.49 billion and a P/E ratio of 63.11. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $31.98 and a two-hundred day moving average price of $38.10. Forgent Power Solutions has a 12-month low of $17.67 and a 12-month high of $66.00.
Forgent Power Solutions (NYSE:FPS - Get Free Report) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.24 EPS for the quarter. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company had revenue of $478.57 million for the quarter. Forgent Power Solutions has set its FY 2027 guidance at 1.300-1.440 EPS. Equities analysts expect that Forgent Power Solutions will post 1.29 earnings per share for the current year.
Forgent Power Solutions Company Profile
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Get Free Report)
Forgent Power Solutions designs and manufactures electrical power distribution equipment for applications that require reliable, continuous power. Its products support the delivery and management of electricity within facilities, including data centers and other commercial and industrial environments. The company focuses on equipment used in critical power systems, where dependable distribution is essential to operations. Forgent serves customers primarily in North America, with products and services supporting facilities in other markets as well.
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