Flex (FLEX) Scheduled to Post Quarterly Earnings on Thursday

Flex (NASDAQ:FLEX) will be issuing its quarterly earnings data after the market closes on Thursday, April 26th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Flex has set its Q4 guidance at $0.28-0.32 EPS.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Flex had a return on equity of 20.44% and a net margin of 2.15%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, analysts expect Flex to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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NASDAQ:FLEX opened at $17.03 on Tuesday. Flex has a 52 week low of $14.70 and a 52 week high of $19.71. The company has a market capitalization of $9,086.40, a P/E ratio of 16.70, a PEG ratio of 0.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.72 and a current ratio of 1.22.



In other Flex news, Director Willy C. Shih sold 13,597 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $17.91, for a total transaction of $243,522.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

FLEX has been the topic of a number of research reports. Zacks Investment Research downgraded Flex from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. BidaskClub downgraded Flex from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Stifel Nicolaus increased their price objective on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine downgraded Flex from a “strong-buy” rating to a “buy” rating in a report on Friday, March 23rd. Finally, Bank of America increased their price objective on Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.39.

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About Flex

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.

Earnings History for Flex (NASDAQ:FLEX)

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