Flex (FLEX) Set to Announce Earnings on Wednesday

Flex (NASDAQ:FLEX) will be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Flex to post earnings of $0.48 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Flex Price Performance

FLEX stock opened at $35.21 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.75 and a current ratio of 1.40. The business has a 50-day simple moving average of $32.49 and a two-hundred day simple moving average of $30.99. The company has a market capitalization of $13.98 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09. Flex has a 52-week low of $21.84 and a 52-week high of $35.84.

Insider Buying and Selling

In other news, EVP David Scott Offer sold 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $32.95, for a total transaction of $329,500.00. Following the completion of the transaction, the executive vice president now directly owns 158,094 shares of the company’s stock, valued at $5,209,197.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Craig Hallum raised Flex from a “hold” rating to a “buy” rating and lifted their target price for the company from $27.00 to $39.00 in a research report on Thursday, July 25th. StockNews.com lowered shares of Flex from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on shares of Flex from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on shares of Flex from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, KeyCorp initiated coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $39.17.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.