Penguin Solutions (NASDAQ:PENG) Releases FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.500-1.700 for the period, compared to the consensus estimate of 1.580. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Penguin Solutions also updated its FY25 guidance to $1.50-1.70 EPS.

Penguin Solutions Trading Up 0.9 %

Penguin Solutions stock traded up $0.13 during trading on Monday, reaching $15.32. The company had a trading volume of 1,665,105 shares, compared to its average volume of 929,581. The stock has a market capitalization of $816.42 million, a price-to-earnings ratio of -29.46 and a beta of 1.83. Penguin Solutions has a 52 week low of $14.16 and a 52 week high of $22.67. The business's 50-day moving average is $19.35. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.33 and a quick ratio of 1.75.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.19. The business had revenue of $365.52 million during the quarter, compared to the consensus estimate of $344.44 million. Penguin Solutions had a negative net margin of 2.21% and a positive return on equity of 11.70%. The business's revenue was up 28.3% on a year-over-year basis. On average, analysts predict that Penguin Solutions will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. started coverage on Penguin Solutions in a research note on Monday, March 31st. They issued a "neutral" rating and a $20.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $27.00 price target on shares of Penguin Solutions in a research report on Thursday. Barclays boosted their target price on Penguin Solutions from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Loop Capital started coverage on shares of Penguin Solutions in a report on Tuesday, January 7th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, The Goldman Sachs Group reduced their target price on Penguin Solutions from $26.00 to $22.50 and set a "buy" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $24.94.

Insider Activity

In other news, SVP Joseph Gates Clark sold 2,131 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $20.94, for a total value of $44,623.14. Following the sale, the senior vice president now directly owns 89,469 shares in the company, valued at $1,873,480.86. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jack A. Pacheco sold 6,667 shares of Penguin Solutions stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $20.55, for a total transaction of $137,006.85. Following the sale, the chief operating officer now owns 231,548 shares of the company's stock, valued at approximately $4,758,311.40. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,684 shares of company stock valued at $393,617 over the last quarter. Corporate insiders own 2.60% of the company's stock.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.