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

Flex (NASDAQ:FLEX - Get Free Report) posted its quarterly earnings results 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 return on equity of 16.66% and a net margin of 3.62%. 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 1.0 %

FLEX traded up $0.42 during trading on Wednesday, reaching $41.01. 2,274,690 shares of the company's stock were exchanged, compared to its average volume of 3,415,182. The firm has a fifty day moving average price of $39.89 and a two-hundred day moving average price of $35.25. The stock has a market capitalization of $15.90 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.81 and a beta of 1.10. Flex has a one year low of $23.43 and a one year high of $45.10. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Insider Transactions at Flex

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

Wall Street Analysts Forecast Growth

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

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.

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