Flex (NASDAQ:FLEX) Releases FY 2027 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.420-4.740 for the period, compared to the consensus estimate of 4.460. The company issued revenue guidance of $33.7 billion-$35.2 billion, compared to the consensus revenue estimate of $33.3 billion. Flex also updated its Q2 2027 guidance to 1.000-1.070 EPS.

Flex Price Performance

Flex stock opened at $117.32 on Friday. The company has a market capitalization of $42.98 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 0.54 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.95. Flex has a 12 month low of $47.83 and a 12 month high of $166.86. The stock’s 50 day moving average is $139.88 and its 200-day moving average is $99.62.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. Flex had a net margin of 3.32% and a return on equity of 23.15%. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 20.6% compared to the same quarter last year. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. Equities research analysts expect that Flex will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FLEX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a report on Friday, July 17th. Zacks Research downgraded shares of Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Raymond James Financial set a $170.00 price target on shares of Flex and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of Flex from $177.00 to $154.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays cut their target price on Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.20.

Insider Activity

In related news, CEO Revathi Advaithi sold 39,188 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.18, for a total transaction of $5,689,313.84. Following the sale, the chief executive officer owned 584,278 shares in the company, valued at $84,825,480.04. The trade was a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael P. Hartung sold 7,269 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $145.22, for a total value of $1,055,604.18. Following the completion of the transaction, the insider owned 245,930 shares of the company’s stock, valued at $35,713,954.60. This represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 769,195 shares of company stock valued at $110,116,823. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Flex

Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its position in Flex by 57.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Flex by 6,318.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock worth $43,000 after buying an additional 695 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in Flex by 168.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 841 shares of the technology company’s stock worth $51,000 after buying an additional 528 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Flex in the 3rd quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Flex by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock valued at $132,000 after buying an additional 1,031 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.