Penguin Solutions (NASDAQ:PENG) Issues Earnings Results

Penguin Solutions (NASDAQ:PENG - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02), Zacks reports. Penguin Solutions had a positive return on equity of 13.15% and a negative net margin of 0.46%. Penguin Solutions updated its FY 2025 guidance to 1.750-1.850 EPS.

Penguin Solutions Price Performance

Shares of PENG traded up $0.25 during trading hours on Tuesday, reaching $21.19. 2,772,334 shares of the company traded hands, compared to its average volume of 882,042. The company has a quick ratio of 2.21, a current ratio of 2.63 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1.12 billion, a PE ratio of -124.64 and a beta of 1.98. Penguin Solutions has a fifty-two week low of $14.20 and a fifty-two week high of $22.67. The stock has a fifty day simple moving average of $19.01 and a 200 day simple moving average of $18.92.

Institutional Trading of Penguin Solutions

A number of hedge funds have recently added to or reduced their stakes in PENG. Royal Bank of Canada acquired a new stake in Penguin Solutions in the 1st quarter worth about $7,250,000. Goldman Sachs Group Inc. acquired a new stake in Penguin Solutions in the 1st quarter worth about $3,259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Penguin Solutions in the 1st quarter worth about $2,248,000. AQR Capital Management LLC acquired a new stake in Penguin Solutions in the 1st quarter worth about $1,076,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Penguin Solutions in the 1st quarter worth about $538,000.

Analysts Set New Price Targets

PENG has been the subject of several analyst reports. Rosenblatt Securities restated a "buy" rating and set a $27.00 price target on shares of Penguin Solutions in a research note on Thursday, July 3rd. JPMorgan Chase & Co. initiated coverage on Penguin Solutions in a research report on Monday, March 31st. They issued a "neutral" rating and a $20.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 price objective on shares of Penguin Solutions in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on Penguin Solutions from $26.00 to $22.50 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Wall Street Zen upgraded Penguin Solutions from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $24.94.

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.

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