Flex Ltd. (FLEX)
FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade
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 Ltd. (FLEX) Hits Fresh High: Is There Still Room to Run?
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.
FLEX vs. ROK: Which Stock Is the Better Value Option?
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?
Are Investors Undervaluing Flex (FLEX) Right Now?
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.
Here's Why Flex (FLEX) is a Strong Momentum Stock
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Omega Flex Q3 Earnings Decline Y/Y on Lower Demand, Higher Overheads
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 Q2 Earnings Top Estimates, Revenues Down Y/Y, Stock Gains
FLEX's fiscal Q2 2025 performance is affected by continued softness across the Agility and Reliability Solutions segments.
Flex Ltd. (FLEX) Q3 2024 Earnings Call Transcript
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) Q2 Earnings and Revenues Surpass Estimates
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.
Flex Unveils New Solutions for AI Workloads, Partners With JetCool
FLEX introduces cutting-edge liquid-cooled servers and power solutions for sustainable data center growth.
FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged
FLEX LNG owns 13 LNG carriers with an average age of 4.8 years. Nine of the ships have MEGA/MEGI engines, while the other four have X-DF engines. Despite a 33% QoQ net income decline in 2Q24 due to seasonality and higher operating expenses, FLNG maintains a strong balance sheet and attractive dividends. For 2Q24, the company declared a $0.75/share quarterly dividend. At the present stock price, the LTM yield is 11.90%.
FLEX LNG: 12% Yield, Tailwinds
FLEX LNG Ltd. benefited from higher LNG prices and shipping rates post-Russia's 2022 invasion of Ukraine, securing long-term charters and raising dividends. Despite a slight drop in Q2 '24 earnings due to lower TCE rates and derivative losses, adjusted net income increased. FLNG's forward dividend yield is around 12%, with a solid cash position and manageable debt, but its stock has underperformed recently.
