Penguin Solutions (NASDAQ:PENG) Updates FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 1.500-1.700 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Penguin Solutions also updated its FY25 guidance to $1.50-1.70 EPS.

Analyst Ratings Changes

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

Penguin Solutions Price Performance

PENG stock opened at $18.05 on Thursday. Penguin Solutions has a one year low of $14.87 and a one year high of $22.67. The company has a market capitalization of $961.90 million, a PE ratio of -34.71 and a beta of 1.83. The stock’s fifty day moving average is $19.55. 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 (NASDAQ:PENG) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.19. The business had revenue of $365.52 million for the quarter, compared to analyst estimates of $344.44 million. Penguin Solutions had a negative net margin of 2.21% and a positive return on equity of 11.70%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. Research analysts anticipate that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insider Transactions at Penguin Solutions

In other Penguin Solutions news, EVP Jack A. Pacheco sold 3,219 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,630,960. This represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joseph Gates Clark sold 2,131 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total value of $44,623.14. Following the transaction, the senior vice president now owns 89,469 shares in the company, valued at $1,873,480.86. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,684 shares of company stock worth $393,617. Company 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.