Penguin Solutions (NASDAQ:PENG) Issues FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.750-1.850 for the period. The company issued revenue guidance of $1.3 billion-$1.4 billion.

Penguin Solutions Stock Up 1.1%

Shares of NASDAQ:PENG traded up $0.27 during mid-day trading on Friday, reaching $24.10. 1,048,849 shares of the stock were exchanged, compared to its average volume of 904,548. The stock's 50 day simple moving average is $19.36 and its 200-day simple moving average is $19.00. Penguin Solutions has a one year low of $14.20 and a one year high of $24.18. The company has a market cap of $1.26 billion, a P/E ratio of -86.07 and a beta of 1.98. The company has a quick ratio of 2.21, a current ratio of 2.62 and a debt-to-equity ratio of 1.08.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.30 by $0.17. Penguin Solutions had a positive return on equity of 13.27% and a negative net margin of 0.68%. The firm had revenue of $324,251 billion during the quarter, compared to analysts' expectations of $330.82 million. As a group, equities research analysts predict that Penguin Solutions will post 1.05 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PENG shares. Wall Street Zen upgraded shares of Penguin Solutions from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group lifted their price target on Penguin Solutions from $22.50 to $25.00 and gave the company a "buy" rating in a research note on Wednesday. Rosenblatt Securities reiterated a "buy" rating and issued a $27.00 target price on shares of Penguin Solutions in a research report on Thursday, July 3rd. JPMorgan Chase & Co. increased their price objective on Penguin Solutions from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, JMP Securities restated a "market outperform" rating and set a $26.00 price target on shares of Penguin Solutions in a report on Wednesday. One investment 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 MarketBeat.com, Penguin Solutions currently has an average rating of "Buy" and an average price target of $25.75.

Hedge Funds Weigh In On Penguin Solutions

Large investors have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in shares of Penguin Solutions in the first quarter worth approximately $7,250,000. Goldman Sachs Group Inc. purchased a new position in Penguin Solutions in the first quarter valued at approximately $3,259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Penguin Solutions in the 1st quarter worth about $2,248,000. AQR Capital Management LLC purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at approximately $1,076,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Penguin Solutions in the first quarter worth $538,000.

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.