Flex (NASDAQ:FLEX) Issues Q1 2025 Earnings Guidance

Flex (NASDAQ:FLEX - Get Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.370-0.450 for the period, compared to the consensus estimate of 0.550. The company issued revenue guidance of $5.6 billion-$6.2 billion, compared to the consensus revenue estimate of $6.3 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com assumed coverage on Flex in a report on Wednesday, March 6th. They set a hold rating for the company. JPMorgan Chase & Co. boosted their price objective on Flex from $32.00 to $34.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group boosted their price objective on Flex from $29.00 to $37.00 and gave the stock a buy rating in a report on Monday, March 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $34.20.

Flex Stock Performance

Shares of FLEX stock traded down $2.31 during trading on Wednesday, hitting $26.34. The company's stock had a trading volume of 12,630,726 shares, compared to its average volume of 4,914,836. The company has a market cap of $11.09 billion, a PE ratio of 15.68, a P/E/G ratio of 1.82 and a beta of 1.19. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $28.48 and a 200-day moving average of $26.82. Flex has a 52 week low of $19.85 and a 52 week high of $30.93.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results on Wednesday, January 31st. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.73 billion. Flex had a return on equity of 16.24% and a net margin of 2.56%. As a group, research analysts anticipate that Flex will post 2.16 earnings per share for the current year.

Insider Activity

In other news, insider Michael P. Hartung sold 43,381 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $30.51, for a total value of $1,323,554.31. Following the completion of the transaction, the insider now directly owns 154,810 shares of the company's stock, valued at $4,723,253.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael P. Hartung sold 43,381 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $30.51, for a total value of $1,323,554.31. Following the transaction, the insider now owns 154,810 shares in the company, valued at $4,723,253.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Daniel Wendler sold 1,860 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $28.89, for a total value of $53,735.40. Following the completion of the transaction, the chief accounting officer now owns 28,730 shares in the company, valued at approximately $830,009.70. The disclosure for this sale can be found here. Insiders sold a total of 141,943 shares of company stock valued at $4,055,311 over the last three months. Corporate insiders own 0.56% of the company's stock.

Flex Company Profile

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.