Flex (NASDAQ:FLEX) Issues Earnings Results, Beats Estimates By $0.07 EPS

Flex (NASDAQ:FLEX - Get Free Report) announced its quarterly earnings data on Wednesday. The technology company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07, Zacks reports. Flex had a net margin of 3.62% and a return on equity of 16.66%. 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 1.5 %

Shares of FLEX traded up $0.59 on Wednesday, hitting $41.18. 2,141,635 shares of the stock traded hands, compared to its average volume of 3,398,768. The firm has a market capitalization of $15.97 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.81 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. Flex has a 1 year low of $23.43 and a 1 year high of $45.10. The stock's 50 day moving average is $39.89 and its two-hundred day moving average is $35.25.

Analyst Ratings Changes

Several research analysts have recently issued reports on FLEX shares. Stifel Nicolaus upped their price objective on Flex from $40.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Flex from a "hold" rating to a "buy" rating in a research note on Friday, January 24th. Craig Hallum upped their target price on shares of Flex from $39.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Barclays lifted their price target on shares of Flex from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, KeyCorp initiated coverage on shares of Flex in a research note on Tuesday, October 22nd. They issued an "overweight" rating and a $41.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $42.67.

Insider Buying and Selling at Flex

In other Flex news, Director Charles K. Stevens III sold 13,157 shares of Flex stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total value of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares in the company, valued at $2,155,535.97. The trade was a 19.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.