Penguin Solutions (NASDAQ:PENG) Updates FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.50-1.70 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $1.33-1.40 billion, compared to the consensus revenue estimate of $1.36 billion.

Wall Street Analysts Forecast Growth

PENG has been the topic of several analyst reports. Needham & Company LLC increased their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Rosenblatt Securities reissued a “buy” rating and set a $27.00 price objective on shares of Penguin Solutions in a research note on Thursday, December 19th. Loop Capital began coverage on Penguin Solutions in a research note on Tuesday, January 7th. They set a “buy” rating and a $30.00 price objective on the stock. Barclays lifted their price objective on Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Penguin Solutions in a report on Monday. They set a “neutral” rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $24.75.

Penguin Solutions Price Performance

NASDAQ:PENG traded up $0.78 on Wednesday, hitting $18.05. 1,309,115 shares of the company’s stock were exchanged, compared to its average volume of 901,631. The stock has a market capitalization of $961.90 million, a P/E ratio of -34.71 and a beta of 1.70. The business has a 50-day simple moving average of $19.62. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33. Penguin Solutions has a 52 week low of $14.87 and a 52 week high of $22.67.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.33 by $0.19. The firm had revenue of $365.52 million during the quarter, compared to analysts’ expectations of $344.44 million. Penguin Solutions had a positive return on equity of 11.70% and a negative net margin of 2.21%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, research analysts expect that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Joseph Gates Clark sold 2,131 shares of Penguin Solutions stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total transaction of $44,623.14. Following the completion of the transaction, the senior vice president now owns 89,469 shares in the company, valued at approximately $1,873,480.86. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jack A. Pacheco sold 3,219 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $20.00, for a total value of $64,380.00. Following the transaction, the executive vice president now directly owns 231,548 shares in the company, valued at approximately $4,630,960. This trade represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,684 shares of company stock worth $393,617. Insiders own 2.60% of the company’s stock.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.