Flex (FLEX) Earning Somewhat Positive Press Coverage, Analysis Shows
News stories about Flex (NASDAQ:FLEX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flex earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.8237517895569 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Flex Ltd. (FLEX) to attain earnings growth of -25.60% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Bewitching Stocks: Flex Ltd., (NASDAQ: FLEX), American Eagle Outfitters, Inc., (NYSE: AEO); – TNN (tradingnewsnow.com)
- What to expect in 2018 from Bollgard 3 cotton? (deltafarmpress.com)
- DRAMATIC TWISTS COULD UPEND, BUT SHAREHOLDERS SHY AWAY:: Flex Ltd., (NASDAQ: FLEX), AstraZeneca … – TNN (tradingnewsnow.com)
- Analysts who cover Flex Ltd. (FLEX) assigned mean rating score of 1.7 – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
Several research firms have recently commented on FLEX. ValuEngine upgraded shares of Flex from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. UBS Group reiterated a “buy” rating and set a $21.50 price objective on shares of Flex in a research note on Tuesday, December 19th. Stifel Nicolaus boosted their price objective on shares of Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Bank of America boosted their price objective on shares of Flex from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Needham & Company LLC upped their price target on shares of Flex from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.56.
Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, January 25th. The technology company reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.50 billion. Flex had a net margin of 2.15% and a return on equity of 20.44%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. sell-side analysts expect that Flex will post 1.08 earnings per share for the current fiscal year.
In related news, Director Willy C. Shih sold 13,597 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $17.91, for a total transaction of $243,522.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by company insiders.
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Flex Company Profile
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).
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