Penguin Solutions (NASDAQ:PENG) Issues FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $1.50-1.70 for the period, compared to the consensus EPS estimate of $1.58. The company issued revenue guidance of $1.33-1.40 billion, compared to the consensus revenue estimate of $1.36 billion. Penguin Solutions also updated its FY 2025 guidance to 1.500-1.700 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PENG shares. JPMorgan Chase & Co. initiated coverage on Penguin Solutions in a report on Monday. They issued a “neutral” rating and a $20.00 price objective on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $27.00 price target on shares of Penguin Solutions in a report on Thursday. Barclays upped their price target on Penguin Solutions from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Loop Capital started coverage on Penguin Solutions in a research note on Tuesday, January 7th. They set a “buy” rating and a $30.00 price objective for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Penguin Solutions from $26.00 to $22.50 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $24.94.

Penguin Solutions Price Performance

Shares of PENG opened at $16.19 on Friday. The company has a market capitalization of $862.78 million, a price-to-earnings ratio of -31.13 and a beta of 1.83. The company has a quick ratio of 1.75, a current ratio of 2.33 and a debt-to-equity ratio of 1.61. Penguin Solutions has a one year low of $14.87 and a one year high of $22.67. The business has a fifty day moving average price of $19.46.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.19. Penguin Solutions had a positive return on equity of 11.70% and a negative net margin of 2.21%. The business had revenue of $365.52 million during the quarter, compared to the consensus estimate of $344.44 million. Penguin Solutions’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts expect that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Joseph Gates Clark sold 2,131 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total value of $44,623.14. Following the transaction, the senior vice president now owns 89,469 shares of the company’s stock, valued at $1,873,480.86. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jack A. Pacheco sold 6,667 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $20.55, for a total value of $137,006.85. Following the transaction, the chief operating officer now owns 231,548 shares of the company’s stock, valued at approximately $4,758,311.40. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,684 shares of company stock valued at $393,617. Insiders own 2.60% of the company’s stock.

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.