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

Penguin Solutions (NASDAQ:PENG) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.500-1.700 for the period, compared to the consensus estimate of 1.580. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Penguin Solutions also updated its FY25 guidance to $1.50-1.70 EPS.

Penguin Solutions Stock Up 4.5 %

PENG stock opened at $18.05 on Thursday. The company has a 50-day moving average of $19.55. The firm has a market capitalization of $961.90 million, a P/E ratio of -34.71 and a beta of 1.83. 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 has a 52 week low of $14.87 and a 52 week high of $22.67.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays boosted their price target on Penguin Solutions from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Rosenblatt Securities restated a “buy” rating and issued a $27.00 price target on shares of Penguin Solutions in a research report on Thursday. Loop Capital started coverage on shares of Penguin Solutions in a research note on Tuesday, January 7th. They set a “buy” rating and a $30.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Penguin Solutions in a research note on Monday. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 target price on shares of Penguin Solutions in a research report on Thursday. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.75.

Insider Buying and Selling at Penguin Solutions

In other Penguin Solutions news, SVP Joseph Gates Clark sold 2,131 shares of Penguin Solutions stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total value of $44,623.14. Following the completion of the sale, the senior vice president now directly owns 89,469 shares in the company, valued at approximately $1,873,480.86. The trade was a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 completion of the transaction, the chief operating officer now directly 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. Over the last quarter, insiders have sold 18,684 shares of company stock valued at $393,617. 2.60% of the stock is currently owned by 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.