Analysts See $0.23 EPS for Flex Ltd. (FLEX)

April 25, 2018 - By Darrin Black

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment decreased to 0.81 in Q4 2017. Its down 0.11, from 0.92 in 2017Q3. It fall, as 35 investors sold Flex Ltd. shares while 113 reduced holdings. 53 funds opened positions while 67 raised stakes. 501.93 million shares or 0.95% more from 497.19 million shares in 2017Q3 were reported.
Dimensional Fund Advisors Limited Partnership owns 0.05% invested in Flex Ltd. (NASDAQ:FLEX) for 6.30 million shares. Glenmede Na has 0.01% invested in Flex Ltd. (NASDAQ:FLEX). Northwestern Mutual Wealth has 0% invested in Flex Ltd. (NASDAQ:FLEX) for 2,442 shares. Landscape Mngmt Ltd Liability Corp invested 0.04% of its portfolio in Flex Ltd. (NASDAQ:FLEX). 1.43 million are owned by Korea Inv Corp. Lord Abbett Ltd Llc stated it has 1.47M shares. Parametric Port Assocs Ltd invested in 0.01% or 719,415 shares. Sei Investments Communication has 2.50 million shares. Us Savings Bank De stated it has 105,832 shares. Assetmark Inc has 0% invested in Flex Ltd. (NASDAQ:FLEX). Savings Bank Of Mellon has invested 0% in Flex Ltd. (NASDAQ:FLEX). S&T National Bank & Trust Pa invested in 824,934 shares. Primecap Com Ca holds 0.72% or 52.50M shares. Andra Ap has invested 0.05% in Flex Ltd. (NASDAQ:FLEX). Whittier Co Of Nevada Inc reported 0% stake.

Since February 1, 2018, it had 0 insider purchases, and 1 sale for $243,573 activity.

Analysts expect Flex Ltd. (NASDAQ:FLEX) to report $0.23 EPS on April, 26 after the close.They anticipate $0.03 EPS change or 11.54 % from last quarter’s $0.26 EPS. FLEX’s profit would be $121.37 million giving it 18.18 P/E if the $0.23 EPS is correct. After having $0.22 EPS previously, Flex Ltd.’s analysts see 4.55 % EPS growth. The stock decreased 0.18% or $0.03 during the last trading session, reaching $16.73. About 621,670 shares traded. Flex Ltd. (NASDAQ:FLEX) has risen 0.24% since April 25, 2017 and is uptrending. It has underperformed by 11.31% the S&P500.

Flex Ltd. (NASDAQ:FLEX) Ratings Coverage

Among 6 analysts covering Flex Ltd (NASDAQ:FLEX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Flex Ltd had 9 analyst reports since October 27, 2017 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by UBS. The stock has “Buy” rating by RBC Capital Markets on Wednesday, January 3. The rating was maintained by Needham on Friday, October 27 with “Buy”. The firm has “Buy” rating given on Friday, October 27 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, January 25 report. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 25. The company was maintained on Wednesday, November 1 by Argus Research. Citigroup maintained Flex Ltd. (NASDAQ:FLEX) on Friday, October 27 with “Buy” rating. On Tuesday, December 19 the stock rating was maintained by UBS with “Buy”.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $8.83 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 16.6 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.

Flex Ltd. (NASDAQ:FLEX) Ratings Chart

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