NASDAQ:FLEX - Flex Stock Price, Price Target & More

Flex trades on the NASDAQ under the ticker symbol "FLEX."

Flex declared that its Board of Directors has initiated a share buyback program on Saturday, August 19th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 65% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings data on Thursday, April, 26th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by $0.02. The technology company earned $6.41 billion during the quarter, compared to analysts' expectations of $6.27 billion. Flex had a return on equity of 14.32% and a net margin of 1.68%. Flex's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. View Flex's Earnings History.

Flex is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Flex.

Flex updated its first quarter earnings guidance on Thursday, April, 26th. The company provided earnings per share guidance of $0.22-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.32. The company issued revenue guidance of $6.3-6.7 billion, compared to the consensus revenue estimate of $6.30 billion.

10 Wall Street analysts have issued twelve-month price targets for Flex's stock. Their predictions range from $16.00 to $23.00. On average, they expect Flex's stock price to reach $20.0625 in the next year. View Analyst Ratings for Flex.

Flex saw a decline in short interest during the month of May. As of May 31st, there was short interest totalling 7,531,265 shares, a decline of 23.3% from the May 15th total of 9,819,729 shares. Based on an average trading volume of 4,291,059 shares, the short-interest ratio is presently 1.8 days. Approximately 1.4% of the shares of the company are sold short.

Some companies that are related to Flex include Jabil (JBL), Sanmina (SANM), Plexus (PLXS), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), NANO DIMENSION/S (NNDM), IEC Electronics (IEC), SigmaTron International (SGMA) and Eltek (ELTK).

Headlines about FLEX stock have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flex earned a media sentiment score of 0.25 on Accern's scale. They also assigned news articles about the technology company an impact score of 47.13 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Flex's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Boston Partners (6.60%), BlackRock Inc. (4.22%), Victory Capital Management Inc. (2.38%), Sound Shore Management Inc. CT (1.89%), LSV Asset Management (1.74%) and Dimensional Fund Advisors LP (1.24%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Francois Barbier, H Raymond Bingham, Lay Koon Tan, Michael M Mcnamara, Paul Humphries, William D Watkins and Willy C Shih. View Institutional Ownership Trends for Flex.

FLEX stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Iridian Asset Management LLC CT, Thompson Siegel & Walmsley LLC, Sound Shore Management Inc. CT, Sei Investments Co., Honeywell International Inc., Victory Capital Management Inc. and Franklin Resources Inc.. Company insiders that have sold Flex company stock in the last year include Christopher Collier, David P Bennett, David Scott Offer, Francois Barbier, Lay Koon Tan, Michael M Mcnamara, William D Watkins and Willy C Shih. View Insider Buying and Selling for Flex.

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Contour Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Lateef Investment Management L.P., Millennium Management LLC, Maplelane Capital LLC, Pelorus Jack Capital L.P. and Korea Investment CORP. View Insider Buying and Selling for Flex.

Shares of FLEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of FLEX stock can currently be purchased for approximately $14.20.

Flex has a market capitalization of $7.58 billion and generates $25.44 billion in revenue each year. The technology company earns $428.53 million in net income (profit) each year or $0.80 on an earnings per share basis. Flex employs 200,000 workers across the globe.

Flex's mailing address is 2 CHANGI SOUTH LANE, SINGAPORE U0, 486123. The technology company can be reached via phone at 65-6876-9899 or via email at [email protected]