EPS for Flex Ltd. (FLEX) Expected At $0.17

July 16, 2018 - By Megan Stone

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment increased to 1.14 in Q1 2018. Its up 0.33, from 0.81 in 2017Q4. It improved, as 30 investors sold Flex Ltd. shares while 102 reduced holdings. 53 funds opened positions while 97 raised stakes. 488.10 million shares or 2.75% less from 501.93 million shares in 2017Q4 were reported.
Citigroup holds 222,582 shares. Nomura Holdings owns 990,607 shares for 0.01% of their portfolio. South Street Ltd Liability Company holds 0.41% or 256,230 shares in its portfolio. Moreover, Harris Associates Lp has 0.33% invested in Flex Ltd. (NASDAQ:FLEX). Clear Harbor Asset Mgmt Ltd Liability Corporation reported 3.34% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Cipher Capital L P has 115,362 shares for 0.23% of their portfolio. Discovery Capital Mngmt Ltd Com Ct invested in 3.39 million shares or 1.93% of the stock. First Manhattan holds 0% or 1,460 shares in its portfolio. 3.28M are owned by Invesco Limited. Moreover, Canada Pension Plan Invest Board has 0% invested in Flex Ltd. (NASDAQ:FLEX) for 55,901 shares. Bb&T Limited has invested 0% in Flex Ltd. (NASDAQ:FLEX). 91,600 were reported by Quantitative Invest Mgmt Limited Liability Corp. Valley Natl Advisers invested 0% in Flex Ltd. (NASDAQ:FLEX). Tocqueville Asset Mngmt Ltd Partnership owns 761,000 shares. House invested in 0.57% or 284,650 shares.

Since February 1, 2018, it had 0 buys, and 20 selling transactions for $10.15 million activity. 99,695 shares were sold by Humphries Paul, worth $1.44M on Tuesday, June 19. The insider Bennett David P sold $44,424. Shares for $117,285 were sold by Britt Douglas on Monday, July 2. Barbier Francois sold $144,642 worth of stock. Collier Christopher sold 49,217 shares worth $713,459. $243,573 worth of stock was sold by SHIH WILLY C on Thursday, February 1.

Analysts expect Flex Ltd. (NASDAQ:FLEX) to report $0.17 EPS on July, 26.They anticipate $0.04 EPS change or 19.05 % from last quarter’s $0.21 EPS. FLEX’s profit would be $90.15 million giving it 21.76 P/E if the $0.17 EPS is correct. After having $-0.04 EPS previously, Flex Ltd.’s analysts see -525.00 % EPS growth. The stock decreased 0.10% or $0.015 during the last trading session, reaching $14.795. About 1.27 million shares traded. Flex Ltd. (NASDAQ:FLEX) has declined 18.33% since July 16, 2017 and is downtrending. It has underperformed by 30.90% the S&P500.

Flex Ltd. (NASDAQ:FLEX) Ratings Coverage

Among 6 analysts covering Flex Ltd (NASDAQ:FLEX), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Flex Ltd had 8 analyst reports since January 25, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 11 by UBS. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 25. On Thursday, January 25 the stock rating was maintained by RBC Capital Markets with “Buy”. Citigroup maintained Flex Ltd. (NASDAQ:FLEX) on Monday, April 30 with “Buy” rating. The stock of Flex Ltd. (NASDAQ:FLEX) has “Buy” rating given on Monday, June 18 by Standpoint Research. As per Friday, April 27, the company rating was downgraded by Raymond James. The firm earned “Buy” rating on Friday, April 27 by Stifel Nicolaus.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $7.85 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 18.49 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 Globenewswire.com which published an article titled: “SHAREHOLDER ALERT – LC ESPR INWK FLEX KLIC SYMC MFGP FLR REPH: The Law Offices of Vincent Wong …” on July 02, 2018.

Flex Ltd. (NASDAQ:FLEX) Ratings Chart

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