Flex (NASDAQ:FLEX) Announces Quarterly Earnings Results

Flex (NASDAQ:FLEX) issued its 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 net margin of 3.62% and a return on equity of 16.66%. Flex updated its FY 2025 guidance to 2.570-2.650 EPS and its Q4 2025 guidance to 0.650-0.730 EPS.

Flex Stock Up 1.5 %

Shares of FLEX stock traded up $0.59 during trading hours on Wednesday, hitting $41.18. 2,141,635 shares of the company were exchanged, compared to its average volume of 3,398,768. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 18.23, a P/E/G 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 business’s 50-day simple moving average is $39.89 and its two-hundred day simple moving average is $35.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FLEX shares. Stifel Nicolaus upped their target price on Flex from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Craig Hallum increased their price objective on shares of Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Flex from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Barclays lifted their price target on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, KeyCorp started coverage on shares of Flex in a research report on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Flex presently has an average rating of “Buy” and a consensus price target of $42.67.

Insider Buying and Selling at Flex

In other Flex news, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total transaction of $509,044.33. Following the sale, the director now directly owns 55,713 shares of the company’s stock, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is currently owned by insiders.

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.