Flex (NASDAQ:FLEX) Issues Q1 2025 Earnings Guidance

Flex (NASDAQ:FLEX) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.370-0.450 for the period, compared to the consensus earnings per share estimate of 0.550. The company issued revenue guidance of $5.6 billion-$6.2 billion, compared to the consensus revenue estimate of $6.3 billion. Flex also updated its FY 2025 guidance to 2.300-2.500 EPS.

Analyst Ratings Changes

FLEX has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Flex from $29.00 to $37.00 and gave the stock a buy rating in a research note on Monday, March 4th. Craig Hallum lowered Flex from a buy rating to a hold rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Thursday. Barclays raised their price objective on Flex from $30.00 to $34.00 and gave the company an overweight rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Flex from $32.00 to $34.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Finally, StockNews.com initiated coverage on shares of Flex in a report on Wednesday, March 6th. They issued a hold rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Flex currently has a consensus rating of Moderate Buy and an average price target of $32.83.

Flex Stock Up 1.8 %

FLEX stock traded up $0.48 on Friday, hitting $27.90. 7,558,170 shares of the company’s stock were exchanged, compared to its average volume of 4,047,069. The firm has a 50 day moving average price of $28.46 and a two-hundred day moving average price of $26.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 1.59. Flex has a 12-month low of $19.85 and a 12-month high of $30.93. The stock has a market cap of $11.75 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.18.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.73 billion. Flex had a return on equity of 15.88% and a net margin of 3.58%. As a group, equities research analysts expect that Flex will post 2.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Daniel Wendler sold 1,860 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $28.89, for a total value of $53,735.40. Following the transaction, the chief accounting officer now directly owns 28,730 shares of the company’s stock, valued at approximately $830,009.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Daniel Wendler sold 1,860 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $28.89, for a total value of $53,735.40. Following the transaction, the chief accounting officer now owns 28,730 shares in the company, valued at approximately $830,009.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Scott Offer sold 75,000 shares of Flex stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the sale, the executive vice president now owns 162,094 shares of the company’s stock, valued at $4,460,826.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,943 shares of company stock valued at $4,055,311. Insiders own 0.56% of the company’s stock.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.