Flex (FLEX) Expected to Announce Earnings on Wednesday

Flex (NASDAQ:FLEX) will likely be releasing its earnings results before the market opens on Wednesday, January 29th. Analysts expect Flex to post earnings of $0.63 per share and revenue of $6,204,635.76 billion for the quarter. Investors interested in participating in the company’s earnings conference call can do so using this link.

Flex Stock Up 1.0 %

FLEX opened at $44.27 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. Flex has a twelve month low of $22.57 and a twelve month high of $45.10. The company has a market cap of $17.17 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.81 and a beta of 1.10. The company has a 50-day moving average price of $39.79 and a 200 day moving average price of $35.12.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FLEX shares. KeyCorp initiated coverage on shares of Flex in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $41.00 price target on the stock. Barclays upped their price target on Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group set a $39.00 price objective on Flex in a research report on Thursday, October 17th. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Flex from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $42.67.

Insider Activity

In related news, Director Charles K. Stevens III sold 13,157 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total value of $509,044.33. Following the sale, the director now owns 55,713 shares in the company, valued at approximately $2,155,535.97. The trade was a 19.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

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.