Penguin Solutions (NASDAQ:PENG) Releases FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.300-1.700 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -. Penguin Solutions also updated its FY25 guidance to $1.30-1.70 EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on PENG shares. Stifel Nicolaus cut their target price on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Barclays reduced their price objective on shares of Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Citizens Jmp upgraded shares of Penguin Solutions to a “strong-buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group began coverage on Penguin Solutions in a research report on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, JMP Securities began coverage on Penguin Solutions in a research report on Monday, November 18th. They set an “outperform” rating and a $23.00 target price for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $23.60.

Penguin Solutions Price Performance

Penguin Solutions stock traded down $0.26 during mid-day trading on Monday, reaching $19.61. 1,132,458 shares of the company traded hands, compared to its average volume of 1,035,907. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19. Penguin Solutions has a 52-week low of $14.87 and a 52-week high of $29.81. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -19.61 and a beta of 1.74. The stock’s 50 day moving average price is $17.49.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $311.15 million during the quarter, compared to analysts’ expectations of $325.00 million. Penguin Solutions had a positive return on equity of 8.05% and a negative net margin of 4.48%. On average, sell-side analysts anticipate that Penguin Solutions will post 1.33 EPS for the current year.

Insider Activity at Penguin Solutions

In other Penguin Solutions news, insider Joseph Gates Clark sold 2,264 shares of Penguin Solutions stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $17.50, for a total value of $39,620.00. Following the completion of the sale, the insider now owns 95,999 shares of the company’s stock, valued at approximately $1,679,982.50. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jack A. Pacheco sold 13,334 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $20.05, for a total transaction of $267,346.70. Following the sale, the chief operating officer now owns 235,960 shares of the company’s stock, valued at approximately $4,730,998. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.