Penguin Solutions (NASDAQ:PENG) Issues FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.50-1.70 for the period, compared to the consensus earnings per share 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.

Penguin Solutions Trading Down 10.3 %

PENG stock opened at $16.19 on Friday. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $22.67. The stock has a market capitalization of $862.78 million, a PE ratio of -31.13 and a beta of 1.83. The stock has a fifty day simple moving average of $19.46. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays boosted their target price on Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Penguin Solutions in a report on Thursday. The Goldman Sachs Group reduced their target price on shares of Penguin Solutions from $26.00 to $22.50 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Penguin Solutions in a research report on Monday. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Penguin Solutions in a report on Thursday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.94.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Joseph Gates Clark sold 2,131 shares of Penguin Solutions stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total transaction of $44,623.14. Following the completion of the sale, the senior vice president now owns 89,469 shares in the company, valued at approximately $1,873,480.86. This trade represents a 2.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jack A. Pacheco sold 6,667 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $20.55, for a total transaction of $137,006.85. Following the completion of the transaction, the chief operating officer now owns 231,548 shares in the company, 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. Insiders sold a total of 18,684 shares of company stock valued at $393,617 in the last three months. Company insiders own 2.60% of the company’s stock.

Penguin Solutions Company Profile

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.