Flextronics International Company Profile (NASDAQ:FLEX)

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

Flextronics International announced that its board has approved a share repurchase program 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 buy up to 65% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Flextronics International Ltd. (NASDAQ:FLEX) posted its quarterly earnings data on Thursday, July, 27th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.02. The firm earned $6.01 billion during the quarter, compared to analyst estimates of $5.91 billion. Flextronics International had a net margin of 1.41% and a return on equity of 20.46%. Flextronics International's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. View Flextronics International's Earnings History.

Flextronics International is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Flextronics International.

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 EPS 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 brokers have issued 12 month price targets for Flextronics International's stock. Their forecasts range from $15.00 to $19.50. On average, they anticipate Flextronics International's share price to reach $17.39 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 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), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Microsemi Corporation (MSCC), Semiconductor Manufacturing International Corporation (SMI), Jabil Circuit (JBL), 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
• Scott Offer, Executive Vice President, General Counsel
• David P. Bennett, Chief Accounting Officer
• Marc A. Onetto, Independent Director
• Daniel H. Schulman, Independent Director
• Willy C. Shih Ph.D., Independent Director

Flextronics International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Thompson Siegel & Walmsley LLC (0.86%), Earnest Partners LLC (0.43%), PGGM Investments (0.41%), California Public Employees Retirement System (0.29%), Oak Associates Ltd. OH (0.10%) and DekaBank Deutsche Girozentrale (0.07%). 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, William D Watkins and Willy C Shih. 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, SG Americas Securities LLC, Korea Investment CORP, Russell Investments Group Ltd., Earnest Partners LLC, Teachers Retirement System of The State of Kentucky, California Public Employees Retirement System and Lesa Sroufe & 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, William D Watkins and Willy C Shih. View Insider Buying and Selling for Flextronics International.

Flextronics International's stock was purchased by a variety of institutional investors in the last quarter, including South Street Advisors LLC, Thompson Siegel & Walmsley LLC, Mn Services Vermogensbeheer B.V., Oak Associates Ltd. OH, Canada Pension Plan Investment Board, Aperio Group LLC, DekaBank Deutsche Girozentrale and Cornerstone Capital Management Holdings LLC.. 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 $16.60.