Zacks: Analysts Anticipate Flex Ltd (FLEX) Will Post Earnings of $0.29 Per Share
Equities analysts predict that Flex Ltd (NASDAQ:FLEX) will report $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Flex’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.31. Flex also reported earnings per share of $0.29 during the same quarter last year. The business is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Flex will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.12. For the next year, analysts forecast that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.40 to $1.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Flex.
Flex (NASDAQ:FLEX) last announced 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 business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.50 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year.
Shares of Flex (NASDAQ FLEX) traded up $0.02 during trading on Monday, hitting $17.84. The company had a trading volume of 4,037,594 shares, compared to its average volume of 4,680,000. The company has a current ratio of 1.22, a quick ratio of 0.72 and a debt-to-equity ratio of 0.97. Flex has a twelve month low of $14.70 and a twelve month high of $19.71. The firm has a market capitalization of $9,420.00, a PE ratio of 17.84, a PEG ratio of 0.98 and a beta of 0.80.
In other Flex news, Director William D. Watkins sold 9,000 shares of Flex stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $17.73, for a total transaction of $159,570.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Willy C. Shih sold 13,597 shares of Flex stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $17.91, for a total value of $243,522.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,597 shares of company stock worth $1,200,042. Corporate insiders own 0.83% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. First Personal Financial Services lifted its holdings in Flex by 227.4% during the fourth quarter. First Personal Financial Services now owns 8,974 shares of the technology company’s stock worth $161,000 after acquiring an additional 6,233 shares in the last quarter. CIBC World Markets Inc. bought a new position in Flex during the fourth quarter worth about $196,000. Sciencast Management LP bought a new position in Flex during the fourth quarter worth about $226,000. Quantitative Systematic Strategies LLC bought a new position in Flex during the fourth quarter worth about $236,000. Finally, Capital Fund Management S.A. bought a new position in Flex during the fourth quarter worth about $240,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.
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Flex Company Profile
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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