Flextronics International Company Profile (NASDAQ:FLEX)

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

Flextronics International Ltd. (NASDAQ:FLEX) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.91 billion. Flextronics International had a return on equity of 21.19% and a net margin of 1.34%. Flextronics International's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. View Flextronics International's Earnings History.

Flextronics International updated its second quarter earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $0.24 to $0.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.29. The company issued revenue guidance of $5.90 billion to $6.30 billion, compared to the consensus revenue estimate of $6.15 billion.

10 equities research analysts have issued 1-year price objectives for Flextronics International's stock. Their forecasts range from $15.00 to $21.00. On average, they anticipate Flextronics International's share price to reach $17.61 in the next year. 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 ongoing transition to higher margin businesses is expected to hurt top-line growth in the near term. Sluggish growth expectation from the communication & telecom end-markets are also anticipated hurt revenues. Moreover, continuing investments on designing and innovation related to the “Sketch-to-Scale” portfolio transition is forecasted to keep margins under pressure. Further, leveraged balance sheet is a significant concern. Higher interest expense as well as tax rate is projected to negatively impact the bottom line. Nevertheless, Flex’s diverse end-market and expanding partner base is positive. However, the stock has underperformed the broader market on a year-to-date basis. Meanwhile, estimates have been going down lately ahead of the company's Q1 earnings release. The company has mixed record of earnings surprises in the recent quarters." (7/27/2017)
• 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), 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), Microsemi Corporation (MSCC), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM) and Monolithic Power Systems (MPWR).

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 many different of retail and institutional investors. Top institutional shareholders include BOSTON PARTNERS (10.06%), PGGM Investments (0.41%), Russell Investments Group Ltd. (0.05%), Investment House LLC (0.04%), Creative Planning (0.03%) and Xact Kapitalforvaltning AB (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 PGGM Investments, Russell Investments Group Ltd., NGAM Advisors L.P., 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 $17.09.