$0.23 EPS Expected for Flex Ltd. (FLEX)

April 25, 2018 - By Clifton Ray

Flex Ltd. (NASDAQ:FLEX) LogoInvestors sentiment decreased to 0.81 in 2017 Q4. Its down 0.11, from 0.92 in 2017Q3. It turned negative, 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.
Lord Abbett Ltd Co has 1.47 million shares. First Mercantile Tru accumulated 22,192 shares or 0.08% of the stock. State Board Of Administration Of Florida Retirement System invested 0% in Flex Ltd. (NASDAQ:FLEX). Polar Cap Ltd Liability Partnership reported 2.69M shares. Swiss Bank invested 0.04% in Flex Ltd. (NASDAQ:FLEX). Gradient invested 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Inv House Ltd Limited Liability Company accumulated 272,250 shares or 0.6% of the stock. Towle accumulated 2.08M shares or 3.69% of the stock. 11,768 were reported by Hightower Advsrs Ltd Liability Corporation. Nwq Investment Mgmt Lc reported 1.87 million shares. Invesco Limited has 3.39M shares. Moreover, Cwm Ltd Liability Co has 0% invested in Flex Ltd. (NASDAQ:FLEX). Cap Investment Counsel has 17,840 shares for 0.13% of their portfolio. Prudential Inc invested 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX). World Asset Mngmt Incorporated holds 0.02% of its portfolio in Flex Ltd. (NASDAQ:FLEX) for 29,995 shares.

Since February 1, 2018, it had 0 insider buys, and 1 insider 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 Needham. The company was maintained on Wednesday, November 1 by Argus Research. The firm earned “Buy” rating on Friday, October 27 by UBS. The firm earned “Buy” rating on Wednesday, January 3 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, January 25 by Stifel Nicolaus. The stock has “Buy” rating by RBC Capital Markets on Thursday, January 25. The company was maintained on Tuesday, December 19 by UBS. Citigroup maintained the stock with “Buy” rating in Friday, October 27 report. As per Friday, October 27, the company rating was maintained 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 $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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