Flex (NASDAQ:FLEX - Get Free Report) updated its third quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.600-0.660 for the period, compared to the consensus estimate of 0.640. The company issued revenue guidance of $6.0 billion-$6.4 billion, compared to the consensus revenue estimate of $6.5 billion. Flex also updated its FY 2025 guidance to 2.390-2.510 EPS.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on FLEX. Stifel Nicolaus lifted their price objective on Flex from $32.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. KeyCorp initiated coverage on Flex in a report on Tuesday, October 22nd. They set an "overweight" rating and a $41.00 price target for the company. The Goldman Sachs Group set a $39.00 price objective on shares of Flex in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Flex from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. Finally, Craig Hallum upgraded shares of Flex from a "hold" rating to a "buy" rating and raised their price target for the company from $27.00 to $39.00 in a report on Thursday, July 25th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $39.17.
Check Out Our Latest Stock Report on FLEX
Flex Stock Performance
Shares of NASDAQ:FLEX traded up $1.11 during trading on Wednesday, reaching $35.78. The stock had a trading volume of 6,004,707 shares, compared to its average volume of 4,170,428. Flex has a 52 week low of $21.84 and a 52 week high of $36.98. The stock has a fifty day simple moving average of $32.61 and a two-hundred day simple moving average of $31.08. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.01 and a beta of 1.09.
Insiders Place Their Bets
In related news, insider Kwang Hooi Tan sold 8,028 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now directly owns 240,018 shares in the company, valued at $8,494,237.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $35.39, for a total value of $284,110.92. Following the completion of the sale, the insider now owns 240,018 shares in the company, valued at approximately $8,494,237.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Scott Offer sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the executive vice president now owns 158,094 shares in the company, valued at approximately $5,209,197.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,028 shares of company stock valued at $933,511 in the last quarter. Insiders own 0.82% of the company's stock.
About Flex
(
Get Free Report)
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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