NASDAQ:FLEXFlex Stock Price, Forecast & News

$10.22

+0.51 (+5.25 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$9.68

Now: $10.22▼

$10.40

50-Day Range

$7.49

MA: $9.12▼

$10.23

52-Week Range

$5.36

Now: $10.22▼

$14.00

Volume12.50 million shs

Average Volume5.68 million shs

Market Capitalization$5.15 billion

P/E Ratio56.78

Dividend YieldN/A

Beta1.79

Flex 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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Flex has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.00, Flex has a potential upside of 17.4% from its current price of $10.22.
Amount of Analyst Coverage
Flex has only been the subject of 3 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Flex has received 510 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Flex has received 590 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Flex has received 53.64% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Flex does not currently pay a dividend.
Dividend Growth
Flex does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Flex insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.42% of the stock of Flex is held by insiders.
Percentage Held by Institutions
94.42% of the stock of Flex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Flex are expected to grow by 21.84% in the coming year, from $0.87 to $1.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Flex is 56.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Flex is 56.78, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.49.
Price to Earnings Growth Ratio
Flex has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Flex has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.48 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Printed circuit boards

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:FLEX

Previous Symbol

CUSIPN/A

CIK866374

Webwww.flex.com

Phone65-6876-9899

Debt

Debt-to-Equity Ratio1.14

Current Ratio1.26

Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio56.78

Forward P/E Ratio11.75

P/E Growth1.02

Sales & Book Value

Annual Sales$24.21 billion

Price / Sales0.21

Cash Flow$1.74 per share

Price / Cash Flow5.86

Book Value$5.62 per share

Price / Book1.82

Profitability

EPS (Most Recent Fiscal Year)$0.17

Net Income$87.58 million

Net Margins0.36%

Return on Equity3.04%

Return on Assets0.62%

Miscellaneous

Employees200,000

Outstanding Shares503,992,000

Market Cap$5.15 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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Flex (NASDAQ:FLEX) Frequently Asked Questions

How has Flex's stock been impacted by COVID-19 (Coronavirus)?

Flex's stock was trading at $9.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FLEX stock has increased by 9.0% and is now trading at $10.22. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Flex?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Flex.

When is Flex's next earnings date?

Flex is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Flex.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) issued its earnings results on Thursday, May, 7th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The technology company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.53 billion. Flex had a net margin of 0.36% and a return on equity of 3.04%. Flex's revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. View Flex's earnings history.

How will Flex's stock buyback program work?

Flex declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 21st 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

What price target have analysts set for FLEX?

5 analysts have issued 1 year price targets for Flex's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate Flex's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price. View analysts' price targets for Flex.

Has Flex been receiving favorable news coverage?

Press coverage about FLEX stock has trended very positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Flex earned a daily sentiment score of 3.5 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutFlex.

Are investors shorting Flex?

Flex saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 9,400,000 shares, a decline of 13.4% from the April 30th total of 10,860,000 shares. Based on an average daily trading volume, of 5,610,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.9% of the shares of the company are sold short. View Flex's Current Options Chain.

Who are some of Flex's key competitors?

Some companies that are related to Flex include Jabil (JBL), Plexus (PLXS), Sanmina (SANM), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), SMTC (SMTX), IEC Electronics (IEC), SigmaTron International (SGMA), NANO DIMENSION/S (NNDM) and Eltek (ELTK). View all competitors.

What other stocks do shareholders of Flex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Flex investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Gilead Sciences (GILD), Walt Disney (DIS) and Energy Transfer LP Unit (ET).

Who are Flex's key executives?

Flex's management team includes the following people:

Mr. Christopher E. Collier, Chief Financial Officer (Age 50)
Mr. François P. Barbier, Pres of Global Operations & Components (Age 60)
Mr. Scott Offer, Exec. VP & Gen. Counsel (Age 54)
Mr. Paul J. Humphries, Pres of High Reliability Solutions (Age 64)
Ms. Revathi Advaithi, CEO & Director (Age 51)

What is Flex's stock symbol?

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

Who are Flex's major shareholders?

Flex's stock is owned by many different institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (14.90%), Wellington Management Group LLP (7.19%), Janus Henderson Group PLC (4.73%), Victory Capital Management Inc. (4.52%), Victory Capital Management Inc. (4.52%) and Iridian Asset Management LLC CT (3.76%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Jennifer Li, Lay Koon Tan, Marc A Onetto, Michael M Mcnamara, Paul Humphries and Revathi Advaithi. View institutional ownership trends for Flex.

Which institutional investors are selling Flex stock?

FLEX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Two Sigma Advisers LP, Primecap Management Co. CA, Towle & Co., Morgan Stanley, Morgan Stanley, Lyrical Asset Management LP, and Factory Mutual Insurance Co.. Company insiders that have sold Flex company stock in the last year include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Paul Humphries, and Revathi Advaithi. View insider buying and selling activity for Flex.

Which institutional investors are buying Flex stock?

FLEX stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Fred Alger Management LLC, Alliancebernstein L.P., Pzena Investment Management LLC, BlackRock Inc., Janus Henderson Group PLC, Deutsche Bank AG, and Strs Ohio. Company insiders that have bought Flex stock in the last two years include David Scott Offer, and Marc A Onetto. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Flex's stock price today?

One share of FLEX stock can currently be purchased for approximately $10.22.

How big of a company is Flex?

Flex has a market capitalization of $5.15 billion and generates $24.21 billion in revenue each year. The technology company earns $87.58 million in net income (profit) each year or $0.17 on an earnings per share basis. Flex employs 200,000 workers across the globe.

What is Flex's official website?

The official website for Flex is www.flex.com.

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff