• Disclaimer
  • Privacy Policy
Media Coverage
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
Media Coverage
No Result
View All Result
Home Market coverage

Flex Ltd. to Announce Earnings Results on May 10th, 2023: Expert Opinions and Market Analysis

Elaine Mendonça by Elaine Mendonça
May 3, 2023
in Market coverage
0
Stock market market
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Flex Ltd. (NASDAQ:FLEX) is set to announce its earnings results on May 10th, 2023 after markets close. Analysts have predicted that the company will report earnings of $0.45 per share for the quarter. Investors can register for the conference call via a link provided by the company.

In recent times, several equities research analysts have assessed FLEX’s position in the market and provided their expert opinions regarding its prospects. Citigroup reviewed FLEX’s situation and increased their price objective from $23 to $28, confirming a “buy” rating back in January 2023. On the other hand, StockNews.com conducted an analysis of Flex recently and assigned it a “hold” rating, providing further insight into FLEX’s place in the market.

FLEX stock opened at $20.32 at the time of writing before experiencing changes throughout the day as per usual fluctuations in the stock market. The company has a market capitalization of $9.17 billion, with current P/E ratio standing at 11.55 while its PEG ratio held steady at 0.72 despite volatility seen in many stocks over a monthly period due to both global and domestic factors like geopolitical tensions and economic uncertainties associated with new policies implemented around environmental or trade issues.

The firm operates through two main segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS), with each offering various solutions for different industries and end markets.

The Flex Agility Solutions segment encompasses Communications, Enterprise and Cloud (CEC), which includes data infrastructure, edge infrastructure, and communications infrastructure; Lifestyle includes appliances such as consumer packaging, floorcare equipment, micro-mobility products like foldable bikes etc., audio devices such as headphones; Consumer Devices include mobile phones etc.

Flex Ltd.’s twelve-month low stands at $13.63 while its twelve-month high was recorded at $25.12 – demonstrating that the stock is volatile as it fluctuates from its highs and lows. The business also has impressive financial standing with a current ratio of 1.36, a quick ratio of 0.68, and a debt-to-equity ratio of 0.78.

Based on data sourced from Bloomberg, the current average rating stands at “Moderate Buy,” with an estimated consensus price target of $23.75 in the coming months.

In conclusion, Flex Ltd.’s positioning in the manufacturing services industry remains stable despite global economic uncertainties arising due to political reasons or other factors. With new technology innovation, supply chain solutions and manufacturing solutions delivered to diverse industries and end markets under two significant segments- Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS), we expect FLEX’s earnings report announcement next week should reassure investors about their future prospects for growth.

Flex Ltd.: Innovating for Success



Flex Ltd.: The Innovation-Driven Company

Flex Ltd. is a globally recognized manufacturing services company that specializes in providing technology innovation, supply chain, and manufacturing solutions to various industries and end markets. Based on data as of May 3, 2023, the firm currently operates through two segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS).

The FAS unit’s three divisions are Communications, Enterprise and Cloud (CEC); Lifestyle; and Consumer Devices. They offer data infrastructure, edge infrastructure and communications infrastructure technology in the CEC sector, while Lifestyle covers appliances, consumer packaging, floorcare, micro mobility & audio. Additionally, Consumer Devices focuses mainly on mobile and high-velocity consumer devices.

However impressive the range may sound though – what does that mean for investors? There have certainly been some movements within the company that have caught the eyes of many industry watchers recently.

For instance, insider Kwang Hooi Tan sold over 3 thousand shares of Flex stock on March 1st at an average price of $22.81 per share totaling $79.447.23 with this sale described from an insider filing made publically available by its regulatory body in charge of monitoring activity such as this – the SEC.

Furthermore, Rebecca Sidelinger has also been involved in insider trading selling a significant amount of company shares during February – roughly around 11 thousand shares at an average price of $23.29 per share.

All these movements within flex stock have stimulated activity by hedge funds regarding ownership stakes in the firm. For example; JPMorgan Chase & Co., Bank of New York Mellon Corp., American Century Companies Inc., HighTower Advisors LLC all raised their holdings in Flex by either purchasing new stakes or increasing their current ones.

Overall institutional investors and hedge funds hold around 95% of stocks in Flex LTD it seems which must be a great relief for many market shakers given their insatiable hunger for growth and progression- Flex is an attractive project indeed.

Tags: FLEX
Previous Post

Nextracker’s Quarterly Earnings Announcement: Analyst Ratings and Investor Options

Next Post

First Advantage Corporation: Quarterly Earnings and Outlook in the Face of Analyst Scrutiny

Next Post
Stock market news (1)

First Advantage Corporation: Quarterly Earnings and Outlook in the Face of Analyst Scrutiny

Wealth

Sugarhill Ddot’s Net Worth: Inside The Career of the Rising Drill Rap Star

by Gabriel Bello Obando
November 10, 2023
0

When it comes to the hip-hop scene in America, there are a few names that stand out. However, one name...

Read more

From Telenovelas to Hollywood: Exploring Kate del Castillo Net Worth and Career Achievements

June 1, 2023

Adamari López Net Worth: An Inspirational Tale of Resilience Beyond The Screen

June 1, 2023

Simon Helberg Net Worth: A Multi-Talented Hollywood Star

June 1, 2023

Lauryn Shannon Net Worth: A Rising Success and Entrepreneurial Inspiration

November 8, 2023

Categories

  • Analyst Ratings
  • Business
  • Business news
  • Market coverage
  • Pre-IPO & Startups
  • Stock Markets
  • Wealth
  • World Economy

About Us

Our team of experienced journalists and industry experts is committed to providing you with the latest and most accurate information on a wide range of topics, from finance and technology to politics and the economy.

We are proud to be part of the Best Stocks team and to offer our readers exceptional content that is informed by our combined expertise. We look forward to continuing to serve our readers and to playing a key role in the world of business analysis and reporting.

READ MORE

  • Media Contacts
  • Journalist Contacts
  • Contact
  • About us
  • Disclaimer
  • Privacy Policy

© 2023 Media Coverage

No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact

© 2023 Media Coverage