Flex (NASDAQ:FLEX) Announces Quarterly Earnings Results

Flex (NASDAQ:FLEX) posted its earnings results on Wednesday. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07, Zacks reports. Flex had a net margin of 3.95% and a return on equity of 17.83%. Flex updated its FY 2025 guidance to 2.570-2.650 EPS and its Q4 2025 guidance to 0.650-0.730 EPS.

Flex Trading Up 0.1 %

Shares of NASDAQ:FLEX opened at $42.14 on Friday. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.61 and a beta of 1.10. Flex has a 1-year low of $23.64 and a 1-year high of $45.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43. The company has a 50 day moving average price of $39.95 and a 200 day moving average price of $35.35.

Insider Buying and Selling

In related news, Director Charles K. Stevens III sold 13,157 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now directly owns 55,713 shares in the company, valued at approximately $2,155,535.97. This trade represents a 19.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.82% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on FLEX shares. StockNews.com upgraded shares of Flex from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group set a $39.00 price objective on shares of Flex in a report on Thursday, October 17th. Craig Hallum increased their price objective on shares of Flex from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on shares of Flex from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays increased their price objective on shares of Flex from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flex currently has a consensus rating of “Buy” and an average target price of $43.67.

About Flex

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.