Flex (NASDAQ:FLEX) Updates Q2 2027 Earnings Guidance

Flex (NASDAQ:FLEX) updated its second quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.000-1.070 for the period, compared to the consensus estimate of 0.980. The company issued revenue guidance of $8.0 billion-$8.3 billion, compared to the consensus revenue estimate of $7.8 billion. Flex also updated its FY 2027 guidance to 4.420-4.740 EPS.

Wall Street Analyst Weigh In

FLEX has been the subject of several analyst reports. Raymond James Financial set a $170.00 price target on shares of Flex and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird set a $142.00 price objective on Flex in a report on Thursday. KeyCorp raised their target price on Flex from $75.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, The Goldman Sachs Group decreased their price target on Flex from $177.00 to $154.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.20.

Flex Stock Up 4.8%

Shares of NASDAQ:FLEX opened at $117.32 on Friday. Flex has a 1 year low of $47.83 and a 1 year high of $166.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.38 and a quick ratio of 0.87. The business’s 50-day moving average is $139.88 and its 200-day moving average is $99.62. The company has a market capitalization of $42.98 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 0.54 and a beta of 1.64.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, July 29th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.90 by $0.10. The business had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Flex had a return on equity of 23.15% and a net margin of 3.32%.The firm’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. 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 predict that Flex will post 4.18 earnings per share for the current year.

Insider Transactions at Flex

In other news, EVP David Scott Offer sold 6,657 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.23, for a total transaction of $966,796.11. Following the transaction, the executive vice president directly owned 91,122 shares of the company’s stock, valued at $13,233,648.06. This represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Daniel Wendler sold 1,311 shares of Flex stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $145.20, for a total transaction of $190,357.20. Following the completion of the sale, the chief accounting officer directly owned 37,932 shares of the company’s stock, valued at approximately $5,507,726.40. The trade was a 3.34% decrease in their position. 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 ninety days, insiders have sold 769,195 shares of company stock valued at $110,116,823. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Flex

Institutional investors and hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its holdings in Flex by 57.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Flex by 6,318.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock valued at $43,000 after buying an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Flex by 168.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 841 shares of the technology company’s stock valued at $51,000 after buying an additional 528 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Flex during the third quarter worth $52,000. Finally, EverSource Wealth Advisors LLC raised its position in Flex by 63.8% in the 2nd 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 last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Company Profile

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.