Penguin Solutions (NASDAQ:PENG) Releases FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.50-1.70 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $1.33-1.40 billion, compared to the consensus revenue estimate of $1.36 billion. Penguin Solutions also updated its FY 2025 guidance to 1.500-1.700 EPS.

Penguin Solutions Stock Up 0.9 %

PENG traded up $0.13 during trading hours on Monday, hitting $15.32. 1,665,105 shares of the company's stock were exchanged, compared to its average volume of 929,581. The company has a market capitalization of $816.42 million, a PE ratio of -29.46 and a beta of 1.83. Penguin Solutions has a 1-year low of $14.16 and a 1-year high of $22.67. The firm has a 50-day moving average price of $19.35. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.19. The company 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%. Penguin Solutions's quarterly revenue was up 28.3% on a year-over-year basis. On average, equities research analysts anticipate that Penguin Solutions will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

PENG has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Penguin Solutions in a research report on Monday, March 31st. They set a "neutral" rating and a $20.00 price target on the stock. Loop Capital started coverage on shares of Penguin Solutions in a report on Tuesday, January 7th. They set a "buy" rating and a $30.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $27.00 price target on shares of Penguin Solutions in a research note on Thursday. Barclays lifted their price objective on shares of Penguin Solutions from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Penguin Solutions from $26.00 to $22.50 and set a "buy" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Penguin Solutions presently has an average rating of "Buy" and an average target price of $24.94.

Insider Buying and Selling

In other Penguin Solutions news, SVP Joseph Gates Clark sold 2,131 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total value of $44,623.14. Following the transaction, the senior vice president now directly owns 89,469 shares of the company's stock, valued at $1,873,480.86. This represents a 2.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jack A. Pacheco sold 6,667 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $20.55, for a total transaction of $137,006.85. Following the completion of the sale, the chief operating officer now directly owns 231,548 shares of the company's stock, valued at approximately $4,758,311.40. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,684 shares of company stock valued at $393,617. Company insiders own 2.60% of the company's stock.

About Penguin Solutions

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.