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

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$15.10 -0.15 (-0.98 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$15.10
Today's Range$14.95 - $15.2950
52-Week Range$12.93 - $19.71
Volume3.83 million shs
Average Volume3.66 million shs
Market Capitalization$8.09 billion
P/E Ratio18.88
Dividend YieldN/A
Beta0.91
Flex logoFlex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments. The company offers various services, including innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enable customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It also provides design and engineering services, such as contract design and joint development manufacturing services, which cover various technical competencies comprising system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services. In addition, the company offers component product solutions that include rigid and flexible printed circuit board fabrication, and power supplies; after-market and forward supply chain logistics services; and reverse logistics and repair services, which comprise returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebook personal computers, set-top boxes, game consoles, infrastructure products. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899

Debt

Debt-to-Equity Ratio0.96
Current Ratio1.26
Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio18.88
Forward P/E Ratio16.06
P/E Growth0.82

Sales & Book Value

Annual Sales$25.44 billion
Price / Sales0.31
Cash Flow$1.8460 per share
Price / Cash8.18
Book Value$5.72 per share
Price / Book2.64

Profitability

EPS (Most Recent Fiscal Year)$0.80
Net Income$428.53 million
Net Margins1.68%
Return on Equity14.32%
Return on Assets3.09%

Miscellaneous

Employees200,000
Outstanding Shares530,340,000
Market Cap$8,087.63

Flex (NASDAQ:FLEX) Frequently Asked Questions

What is Flex's stock symbol?

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

How will Flex's stock buyback program work?

Flex declared that its Board of Directors has authorized a share buyback plan on Saturday, August 19th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 65% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

How were Flex's earnings last quarter?

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

When is Flex's next earnings date?

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

What guidance has Flex issued on next quarter's earnings?

Flex issued an update on 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 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.

What price target have analysts set for FLEX?

9 brokers have issued 12 month price objectives for Flex's stock. Their predictions range from $16.00 to $23.00. On average, they anticipate Flex's stock price to reach $20.0625 in the next twelve months. This suggests a possible upside of 32.9% from the stock's current price. View Analyst Ratings for Flex.

What is the consensus analysts' recommendation 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."

Are investors shorting Flex?

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

Who are some of Flex's key competitors?

Who are Flex's key executives?

Flex's management team includes the folowing people:
  • Mr. Michael M. McNamara, CEO & Director (Age 61)
  • Mr. Christopher E. Collier, Chief Financial Officer (Age 49)
  • Mr. François P. Barbier, Pres of Global Operations & Components (Age 59)
  • Mr. Scott Offer, Exec. VP & Gen. Counsel (Age 53)
  • Mr. Paul J. Humphries, Pres of High Reliability Solutions (Age 63)

Has Flex been receiving favorable news coverage?

Media coverage about FLEX stock has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Flex earned a media sentiment score of 0.04 on Accern's scale. They also assigned headlines about the technology company an impact score of 47.00 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are Flex's major shareholders?

Flex's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling Flex stock?

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.

Which major investors are buying Flex stock?

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Factory Mutual Insurance Co., Assenagon Asset Management S.A., Sanders Morris Harris LLC, Cornerstone Wealth Management LLC, Campbell & CO Investment Adviser LLC, Investment House LLC and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Flex.

How do I buy shares of 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.

What is Flex's stock price today?

One share of FLEX stock can currently be purchased for approximately $15.10.

How big of a company is Flex?

Flex has a market capitalization of $8.09 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.

How can I contact Flex?

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]


MarketBeat Community Rating for Flex (NASDAQ FLEX)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  392 (Vote Outperform)
Underperform Votes:  302 (Vote Underperform)
Total Votes:  694
MarketBeat's community ratings are surveys of what our community members think about Flex and other stocks. Vote "Outperform" if you believe FLEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FLEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/21/2018 by MarketBeat.com Staff

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