Penguin Solutions (NASDAQ:PENG) Updates FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.30-$1.70 for the period, compared to the consensus estimate of $1.65. The company issued revenue guidance of $1.29-$1.40 billion, compared to the consensus revenue estimate of $1.34 billion.

Penguin Solutions Price Performance

Shares of PENG opened at $19.13 on Thursday. Penguin Solutions has a 1 year low of $14.87 and a 1 year high of $29.81. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.19 and a current ratio of 2.65. The stock has a 50 day moving average price of $18.42. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -19.13 and a beta of 1.69.

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 the consensus estimate 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, equities analysts anticipate that Penguin Solutions will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group started coverage on Penguin Solutions in a research report on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective for the company. Stifel Nicolaus lowered their price target on shares of Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Needham & Company LLC cut their price target on shares of Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barclays decreased their price objective on shares of Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, JMP Securities started coverage on shares of Penguin Solutions in a report on Monday, November 18th. They set an “outperform” rating and a $23.00 target price for the company. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Penguin Solutions has an average rating of “Buy” and a consensus price target of $25.00.

Insider Activity at Penguin Solutions

In other news, COO Jack A. Pacheco sold 6,666 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $20.00, for a total value of $133,320.00. Following the sale, the chief operating officer now directly owns 235,960 shares of the company’s stock, valued at $4,719,200. This represents a 2.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Gates Clark sold 2,264 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $17.50, for a total transaction of $39,620.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,264 shares of company stock worth $440,287 over the last 90 days. 2.60% of the stock is owned by company insiders.

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.