Flex (NASDAQ:FLEX) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 30th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Flex (NASDAQ:FLEX) last posted its earnings results on Thursday, May 7th. The technology company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.53 billion. Flex had a return on equity of 3.04% and a net margin of 0.36%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, analysts expect Flex to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
FLEX stock opened at $10.77 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $5.43 billion, a PE ratio of 59.84, a PEG ratio of 1.12 and a beta of 1.78. Flex has a twelve month low of $5.36 and a twelve month high of $14.00. The stock has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $10.47.
In related news, CEO Revathi Advaithi sold 46,523 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $10.53, for a total value of $489,887.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher Collier sold 25,925 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $10.63, for a total value of $275,582.75. Following the completion of the sale, the chief financial officer now owns 669,315 shares of the company’s stock, valued at approximately $7,114,818.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,392 shares of company stock valued at $2,197,043. Corporate insiders own 0.56% of the company’s stock.
Flex Company Profile
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.
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