Penguin Solutions (NASDAQ:PENG) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Penguin Solutions (NASDAQ:PENG - Get Free Report) posted its earnings results on Tuesday. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02), Zacks reports. Penguin Solutions had a negative net margin of 0.46% and a positive return on equity of 13.15%. The company had revenue of $324.25 million during the quarter, compared to analysts' expectations of $330.82 million. Penguin Solutions updated its FY 2025 guidance to 1.750-1.850 EPS.

Penguin Solutions Stock Performance

Shares of Penguin Solutions stock traded up $0.24 on Wednesday, reaching $21.43. The stock had a trading volume of 374,632 shares, compared to its average volume of 882,325. The business's 50-day moving average price is $19.10 and its two-hundred day moving average price is $18.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.21 and a current ratio of 2.63. Penguin Solutions has a fifty-two week low of $14.20 and a fifty-two week high of $22.67. The stock has a market cap of $1.13 billion, a P/E ratio of -125.75 and a beta of 1.98.

Institutional Investors Weigh In On Penguin Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Amundi acquired a new position in Penguin Solutions during the 1st quarter worth $373,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Penguin Solutions in the 1st quarter valued at $538,000. AQR Capital Management LLC acquired a new stake in shares of Penguin Solutions in the 1st quarter valued at $1,076,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Penguin Solutions in the 1st quarter valued at $2,248,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Penguin Solutions in the 1st quarter valued at about $3,259,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $26.00 target price on shares of Penguin Solutions in a research report on Wednesday. Wall Street Zen raised shares of Penguin Solutions from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group increased their target price on shares of Penguin Solutions from $22.50 to $25.00 and gave the stock a "buy" rating in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $27.00 target price on shares of Penguin Solutions in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Penguin Solutions from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $25.75.

About Penguin Solutions

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.