Flextronics International Company Profile (NASDAQ:FLEX)

Flextronics International trades on the NASDAQ under the ticker symbol "FLEX."

Flextronics International Ltd. (NASDAQ:FLEX) announced its quarterly earnings data on Thursday, April, 27th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.29. The company had revenue of $5.86 billion for the quarter, compared to analysts' expectations of $5.68 billion. Flextronics International had a return on equity of 21.19% and a net margin of 1.34%. The business's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. View Flextronics International's Earnings History.

Flextronics International issued an update on its first quarter earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.24-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $5.7-6.1 billion, compared to the consensus revenue estimate of $5.79 billion.

12 analysts have issued twelve-month price targets for Flextronics International's shares. Their forecasts range from $14.00 to $21.00. On average, they anticipate Flextronics International's stock price to reach $17.14 in the next twelve months. View Analyst Ratings for Flextronics International.

Here are some recent quotes from research analysts about Flextronics International stock:

• 1. According to Zacks Investment Research, "Flex's diverse end-market and expanding partner base is positive. The company has evolved into an end-to-end solutions provider, which expands its total addressable market (TAM) significantly. Its increasing focus on fast growing end-markets like converged enterprise and cloud are key catalysts going forward. However, the company’s business model has shifted toward a higher mix of businesses that possess longer product life cycles and higher operating margins, which has negatively impacted top-line growth. Nevertheless, it has benefited operating margin, which bodes well for the stock. Meanwhile, estimates have been stable lately ahead of the company's Q1 earnings release. The company has a mixed record of earnings surprises in the recent quarters. Notably, Flex has underperformed the broader Zacks industry on a year-to-date basis." (7/12/2017)
• 2. Royal Bank Of Canada analysts commented, "FLEX reported Dec-qtr results and guided Marqtr largely inline with expectations. The notable standout was strong FCF generation ($363M or $0.66/share) in Dec-qtr that highlights the strong FCF generation of this model as investors await benefits of multiple new ramps ' Nike, Bose, and other non-tech (consumer and healthcare) programs. We continue to expect in CY17 FLEX will see modest revenue growth (tech flat to down, but non-tech up double digits) and steady margin, EPS and FCF growth. We expect Nike program at volume to be $1B + revenues (2 years away) and generate op-margins of 8-10%. Maintain OP but modestly raising our estimates and adjusting our target to $17 (prior $16)." (1/27/2017)
• 3. Needham & Company LLC analysts commented, "Over the past few years, the mix at FLEX has been transitioning quite a bit while providing a more sustainable source of income generation. This is a dynamic we expect to continue as non-traditional segments (IEI & HRS) have solid long-term opportunities in under-penetrated markets while segments such as CTG are overhauled into next-gen and higher tech (i.e., Nike and Bose ramps); both bring very healthy income opportunities. In the big picture, we see an improving model in terms of diversity and a solid pathway toward accelerated income growth. Consequently, we reiterate our Buy and bump our target up slightly." (1/27/2017)

Some companies that are related to Flextronics International include Xilinx (XLNX), STMicroelectronics N.V. (STM), Intel Corporation (INTC), Advanced Micro Devices (AMD), Maxim Integrated Products (MXIM), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), Coherent (COHR), ON Semiconductor Corporation (ON), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY) and Cavium (CAVM).

Flextronics International's management team includes the folowing people:

• Michael D. Capellas, Chairman of the Board
• Paul J. Humphries, President - High Reliability Solutions
• Michael M. McNamara, Chief Executive Officer, Director
• Christopher E. Collier, Chief Financial Officer
• Francois P. Barbier, President - Global Operations & Components
• David P. Bennett, Chief Accounting Officer
• Marc A. Onetto, Independent Director
• Daniel H. Schulman, Independent Director
• Willy C. Shih Ph.D., Independent Director
• Lay Koon Tan, Independent Director

Flextronics International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BOSTON PARTNERS (10.06%), Investment House LLC (0.04%), Creative Planning (0.03%), Xact Kapitalforvaltning AB (0.02%), Mn Services Vermogensbeheer B.V. (0.02%) and Aperio Group LLC (0.02%). Company insiders that own Flextronics International stock include Christopher Collier, David P Bennett, Francois Barbier, Glenview Capital Management, L, H Raymond Bingham, Jonathan S Hoak, Lay Koon Tan, Michael M Mcnamara, Paul Humphries and William D Watkins. View Institutional Ownership Trends for Flextronics International.

Flextronics International's stock was sold by a variety of institutional investors in the last quarter, including Xact Kapitalforvaltning AB, Toth Financial Advisory Corp, BB&T Corp and Private Bank & Trust Co.. Company insiders that have sold Flextronics International stock in the last year include Christopher Collier, David P Bennett, Francois Barbier, H Raymond Bingham, Lay Koon Tan, Michael M Mcnamara, Paul Humphries and William D Watkins. View Insider Buying and Selling for Flextronics International.

Flextronics International's stock was bought by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., Aperio Group LLC, Investment House LLC and Creative Planning. View Insider Buying and Selling for Flextronics International.

Shares of Flextronics International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Flextronics International stock can currently be purchased for approximately $16.74.