$0.23 EPS Expected for Flex Ltd. (FLEX)

December 27, 2017 – By Linda Rogers

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.27, from 1.19 in 2017Q2. It turned negative, 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.
Honeywell Interest accumulated 0.69% or 1.18M shares. Janney Montgomery Scott Lc stated it has 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Advisors Asset Management has 0.01% invested in Flex Ltd. (NASDAQ:FLEX) for 53,957 shares. Principal Fincl Gp stated it has 109,663 shares. First Mercantile Trust holds 24,807 shares or 0.07% of its portfolio. Earnest Ptnrs Ltd Liability invested 0.37% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Lyrical Asset Management L P reported 2.82% in Flex Ltd. (NASDAQ:FLEX). Caisse De Depot Et Placement Du Quebec holds 658,100 shares. Northwestern Mutual Wealth reported 0% stake. Telemus Cap Ltd invested 0.09% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Ajo Lp reported 0% in Flex Ltd. (NASDAQ:FLEX). Ls Inv Advsrs Limited Liability reported 11,931 shares or 0.01% of all its holdings. Cornerstone Cap Mngmt Holding Ltd Company holds 0.02% or 152,663 shares in its portfolio. Aperio Gp Ltd has invested 0.01% of its portfolio in Flex Ltd. (NASDAQ:FLEX). First Quadrant Ltd Partnership Ca reported 34,932 shares.

Since August 3, 2017, it had 0 buys, and 2 sales for $444,327 activity. Tan Lay Koon sold $43,457 worth of stock.

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 19.24 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 decreased 1.50% or $0.27 during the last trading session, reaching $17.7. About 1.97M shares traded. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since December 27, 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. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, February 21. JP Morgan initiated Flex Ltd. (NASDAQ:FLEX) on Tuesday, April 26 with “Overweight” rating. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, September 20. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, August 27. UBS maintained it with “Buy” rating and $1800 target in Wednesday, August 2 report. The firm earned “Buy” rating on Tuesday, July 18 by Needham. The firm has “Neutral” rating given on Wednesday, October 21 by Citigroup. Needham maintained Flex Ltd. (NASDAQ:FLEX) on Friday, October 27 with “Buy” rating. RBC Capital Markets maintained the shares of FLEX in report on Monday, July 24 with “Buy” rating. The firm has “Outperform” rating given on Friday, January 15 by RBC Capital Markets.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $9.35 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 17.52 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.