Flex (FLEX) Earning Somewhat Favorable Press Coverage, Analysis Shows
Media stories about Flex (NASDAQ:FLEX) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flex earned a news impact score of 0.02 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.7513086040719 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Zacks: Brokerages Anticipate Flex Ltd (FLEX) Will Post Earnings of $0.30 Per Share (americanbankingnews.com)
- Flex Ltd. (NASDAQ: FLEX) – Featured Volatile Stock – Alpha Beta Stock (alphabetastock.com)
- Flex Ltd. (NASDAQ:FLEX) – Most Recent Figure Make This Stock Even More Attractive – Nasdaq Journal (press release) (nasdaqjournal.com)
- Why Should You Retain Flex (FLEX) Stock in Your Portfolio – Nasdaq (nasdaq.com)
- Samsung Galaxy X: 3 ways this folding display phone could flex (slashgear.com)
Shares of Flex (NASDAQ FLEX) traded down $0.21 during trading hours on Friday, reaching $17.97. The company had a trading volume of 2,705,398 shares, compared to its average volume of 2,800,000. Flex has a 52 week low of $14.22 and a 52 week high of $19.11. The stock has a market cap of $9,390.00, a P/E ratio of 17.79, a PEG ratio of 1.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 1.23.
Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Flex had a return on equity of 22.71% and a net margin of 2.25%. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the business earned $0.28 EPS. Flex’s revenue was up 4.3% compared to the same quarter last year. equities research analysts anticipate that Flex will post 1.09 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on FLEX. UBS Group reissued a “buy” rating and issued a $21.50 target price on shares of Flex in a research note on Tuesday, December 19th. BidaskClub lowered Flex from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Argus boosted their target price on Flex from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Citigroup boosted their target price on Flex from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus boosted their target price on Flex from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.75.
In other news, Director William D. Watkins sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $17.73, for a total value of $159,570.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Scott Offer sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $17.71, for a total value of $796,950.00. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
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