Flex (FLEX) reported earnings 30 days ago. What's next for the stock?
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
FLEX LNG remains a reliable and shareholder-friendly LNG transportation company, despite market headwinds. The company reported stable earnings in line with guidance, declared its 13th consecutive dividend, and projected a 2024 EBITDA of $272 million, slightly down from $290 million in 2023. The global order book equivalent to 50% of the current fleet and the rise of a shadow fleet threaten asset prices and growth prospects in the LNG transportation sector.
FLEX reported $90.5 million revenue in 3Q24, compared to $94.6 million in 3Q23. On the other hand, QoQ revenue increased by 6.4%. It declared $17.4 million net income and $0.32EPS. FLEX has a 208% Total Debt to Equity. The company reported $289 million cash and $330 million fully undrawn revolving tranches. For 3Q24, FLEX announced a $0.75/share dividend. The LTM yield is 11.85%. The payout ratio is 143%.
Flex (FLEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Flex (FLEX) or Rockwell Automation (ROK). But which of these two companies is the best option for those looking for undervalued stocks?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
OFLX's Q3 earnings decrease as softening demand and higher fixed costs hit margins. Despite cost-cutting efforts, the company witnesses a 9.5% revenue drop and a 17.2% decline in net income.
FLEX's fiscal Q2 2025 performance is affected by continued softness across the Agility and Reliability Solutions segments.
Flex Ltd. (NASDAQ:FLEX ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants David Rubin - Vice President, Investor Relations Revathi Advaithi - Chief Executive Officer Jaime Martinez - Senior Vice President of Finance Conference Call Participants Ruplu Bhattacharya - Bank of America Samik Chatterjee - JP Morgan George Wang - Barclays Christian Zyla - KeyBanc Capital Markets. Operator Thank you for standing by.
Flex (FLEX) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.68 per share a year ago.