Flex (FLEX) Scheduled to Post Earnings on Thursday
Flex (NASDAQ:FLEX) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, January 25th. Analysts expect Flex to post earnings of $0.31 per share for the quarter. Flex has set its Q3 guidance at $0.28-0.32 EPS.
Flex (NASDAQ:FLEX) last released its earnings results on Thursday, October 26th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Flex had a return on equity of 22.71% and a net margin of 2.25%. The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was up 4.3% 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.
Shares of Flex (NASDAQ FLEX) opened at $19.44 on Thursday. Flex has a one year low of $14.40 and a one year high of $19.48. The company has a market capitalization of $10,270.00, a P/E ratio of 19.25, a P/E/G ratio of 1.05 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 1.23.
In related news, Director William D. Watkins sold 9,000 shares of Flex stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $17.73, for a total transaction of $159,570.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Scott Offer sold 45,000 shares of Flex stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $17.71, for a total value of $796,950.00. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
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