$0.23 EPS Expected for Flex Ltd. (FLEX)
December 28, 2017 – By Dolores Ford
Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.27, from 1.19 in 2017Q2. It dived, as 33 investors sold Flex Ltd. shares while 106 reduced holdings. 38 funds opened positions while 90 raised stakes. 497.19 million shares or 0.70% less from 500.69 million shares in 2017Q2 were reported.
State Street Corp stated it has 0.01% in Flex Ltd. (NASDAQ:FLEX). Qs Invsts Lc holds 0% or 84 shares. Pnc Fincl Svcs Grp reported 63,885 shares. 30,542 were reported by Commerzbank Aktiengesellschaft Fi. Brown Advisory, Maryland-based fund reported 243,355 shares. Assetmark reported 6,210 shares stake. Bedrijfstakpensioenfonds Voor De Media Pno stated it has 0.12% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Boothbay Fund Mngmt Ltd Com owns 168,600 shares. Thompson Siegel And Walmsley Limited Liability Company holds 5.00M shares. Swiss National Bank reported 1.96M shares. Moreover, Advisory Net Lc has 0% invested in Flex Ltd. (NASDAQ:FLEX). Cohen Klingenstein Ltd Llc has 52,695 shares for 0.13% of their portfolio. The Connecticut-based Ardsley Advisory Ptnrs has invested 0.06% in Flex Ltd. (NASDAQ:FLEX). Dimensional Fund Advisors L P accumulated 6.30M shares. Sumitomo Mitsui Asset Mngmt Communications stated it has 0.01% in Flex Ltd. (NASDAQ:FLEX).
Since August 3, 2017, it had 0 insider buys, and 2 insider sales for $444,327 activity. SHIH WILLY C had sold 25,000 shares worth $400,870.
Analysts expect Flex Ltd. (NASDAQ:FLEX) to report $0.23 EPS on January, 25.They anticipate $0.07 EPS change or 23.33 % from last quarter’s $0.3 EPS. FLEX’s profit would be $121.55 million giving it 19.36 P/E if the $0.23 EPS is correct. After having $0.38 EPS previously, Flex Ltd.’s analysts see -39.47 % EPS growth. The stock increased 0.62% or $0.11 during the last trading session, reaching $17.81. About 1.58M shares traded. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since December 28, 2016 and is uptrending. It has outperformed by 18.41% the S&P500.
Flex Ltd. (NASDAQ:FLEX) Ratings Coverage
Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 45 analyst reports since July 28, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 27 report. The company was maintained on Monday, July 24 by RBC Capital Markets. On Friday, January 29 the stock rating was upgraded by Raymond James to “Strong Buy”. As per Wednesday, August 30, the company rating was maintained by Needham. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. On Wednesday, September 9 the stock rating was upgraded by UBS to “Buy”. The rating was maintained by UBS on Wednesday, August 2 with “Buy”. As per Wednesday, November 1, the company rating was maintained by Argus Research. The rating was maintained by Citigroup with “Buy” on Friday, April 29. The stock has “Buy” rating by Needham on Friday, October 27.
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $9.41 billion. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables clients to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It has a 17.63 P/E ratio. The firm also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services.
Another recent and important Flex Ltd. (NASDAQ:FLEX) news was published by Nasdaq.com which published an article titled: “Why Should You Retain Flex (FLEX) Stock in Your Portfolio” on December 22, 2017.
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