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

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

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

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings results on Thursday, April, 26th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.02. The technology company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.27 billion. Flex had a net margin of 1.68% and a return on equity of 14.32%. Flex's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $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 (EPS) guidance of $0.22-0.26 for the period, compared to the Thomson Reuters consensus EPS 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.

9 equities research analysts have issued 12-month price targets for Flex's shares. Their forecasts range from $16.00 to $23.00. On average, they anticipate Flex's share price to reach $20.0625 in the next year. This suggests a possible upside of 31.6% from the stock's current price. View Analyst Ratings for Flex.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Flex saw a decrease in short interest in June. As of June 15th, there was short interest totalling 6,238,591 shares, a decrease of 17.2% from the May 31st total of 7,531,265 shares. Based on an average daily volume of 4,676,556 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the shares of the company are short sold. View Flex's Current Options Chain.

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), IEC Electronics (IEC), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).

Media headlines about FLEX stock have trended positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flex earned a daily sentiment score of 0.26 on Accern's scale. They also gave news coverage about the technology company an impact score of 46.60 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Flex's stock is owned by many different of retail and institutional investors. Top institutional investors include Factory Mutual Insurance Co. (0.40%), Assenagon Asset Management S.A. (0.17%), Investment House LLC (0.06%), Sanders Morris Harris LLC (0.05%), Private Capital Advisors Inc. (0.05%) and Berson & Corrado Investment Advisors LLC (0.04%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, 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 Harbour Capital Advisors LLC, Private Capital Advisors Inc., Fjarde AP Fonden Fourth Swedish National Pension Fund, World Asset Management Inc and Berson & Corrado Investment Advisors LLC. Company insiders that have sold Flex company stock in the last year include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Lay Koon Tan, Michael M Mcnamara, Paul Humphries, William D Watkins and Willy C Shih. View Insider Buying and Selling for Flex.

FLEX stock was bought by a variety of institutional investors in the last quarter, including Factory Mutual Insurance Co., Assenagon Asset Management S.A., Sanders Morris Harris LLC, Campbell & CO Investment Adviser LLC, Investment House LLC and Xact Kapitalforvaltning AB. 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 $15.25.

Flex has a market capitalization of $8.01 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]