Penguin Solutions (NASDAQ:PENG) Releases FY 2027 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 3.750-5.15 for the period, compared to the consensus earnings per share estimate of 3.270. The company issued revenue guidance of $2.3 billion-$2.6 billion, compared to the consensus revenue estimate of $2.2 billion.

Penguin Solutions Trading Up 5.8%

Penguin Solutions stock traded up $3.50 during trading hours on Tuesday, reaching $64.21. The company had a trading volume of 14,894,870 shares, compared to its average volume of 2,354,059. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.10. Penguin Solutions has a 12-month low of $16.04 and a 12-month high of $89.86. The company has a 50-day moving average price of $53.39 and a 200 day moving average price of $49.24. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 45.54 and a beta of 2.86.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, July 7th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.21. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. The business had revenue of $478.71 million during the quarter, compared to analysts’ expectations of $407.47 million. During the same quarter in the prior year, the company posted $0.52 EPS. Equities analysts forecast that Penguin Solutions will post 2.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PENG. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price target on shares of Penguin Solutions in a research note on Friday. Needham & Company LLC raised their price objective on shares of Penguin Solutions from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus lifted their target price on Penguin Solutions from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Citigroup reissued an “outperform” rating on shares of Penguin Solutions in a research note on Wednesday, July 8th. Finally, Barclays downgraded shares of Penguin Solutions from an “equal weight” rating to an “underweight” rating and set a $40.00 target price for the company. in a report on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.17.

Insider Transactions at Penguin Solutions

In related news, SVP Joseph Clark sold 1,327 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $57.47, for a total value of $76,262.69. Following the sale, the senior vice president owned 63,056 shares in the company, valued at $3,623,828.32. This represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anne Kuykendall sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $50.58, for a total transaction of $202,320.00. Following the transaction, the senior vice president directly owned 112,994 shares of the company’s stock, valued at $5,715,236.52. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.90% of the company’s stock.

Penguin Solutions Company Profile

Penguin Solutions, Inc provides intelligent infrastructure solutions for artificial intelligence, high-performance computing, enterprise data centers and other demanding technology environments. The company combines specialized hardware, software and professional services to help organizations design, deploy and manage complex computing infrastructure.

Its offerings include AI and high-performance computing systems, servers, storage and networking infrastructure, as well as software and services for infrastructure management, optimization and support.