Penguin Solutions (NASDAQ:PENG) Posts Earnings Results, Beats Estimates By $0.19 EPS

Penguin Solutions (NASDAQ:PENG) announced its earnings results on Wednesday. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.19, Briefing.com reports. Penguin Solutions had a negative net margin of 2.21% and a positive return on equity of 11.70%. The business had revenue of $365.52 million during the quarter, compared to analysts’ expectations of $344.44 million. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Penguin Solutions updated its FY25 guidance to $1.50-1.70 EPS and its FY 2025 guidance to 1.500-1.700 EPS.

Penguin Solutions Stock Performance

NASDAQ PENG opened at $18.05 on Thursday. The firm’s 50 day moving average is $19.55. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $22.67. The company has a market cap of $961.90 million, a P/E ratio of -34.71 and a beta of 1.83. The company has a current ratio of 2.33, a quick ratio of 1.75 and a debt-to-equity ratio of 1.61.

Insider Buying and Selling

In related news, COO Jack A. Pacheco sold 6,667 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $20.55, for a total value of $137,006.85. Following the sale, the chief operating officer now directly owns 231,548 shares of the company’s stock, valued at $4,758,311.40. This represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joseph Gates Clark sold 2,131 shares of the firm’s 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 sale, the senior vice president now directly owns 89,469 shares of the company’s stock, valued at approximately $1,873,480.86. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,684 shares of company stock worth $393,617 over the last three months. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PENG. Barclays lifted their target price on shares of Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Loop Capital started coverage on Penguin Solutions in a research report on Tuesday, January 7th. They set a “buy” rating and a $30.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $27.00 target price on shares of Penguin Solutions in a research note on Thursday, December 19th. 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. Finally, JPMorgan Chase & Co. began coverage on shares of Penguin Solutions in a research report on Monday. They set a “neutral” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Penguin Solutions currently has a consensus rating of “Buy” and an average target price of $24.75.

Penguin Solutions Company Profile

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.