Penguin Solutions (NASDAQ:PENG) Releases FY 2027 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 3.750-5.15 for the period, compared to the consensus earnings per share estimate of 3.270. The company issued revenue guidance of $2.3 billion-$2.6 billion, compared to the consensus revenue estimate of $2.2 billion.

Analyst Upgrades and Downgrades

PENG has been the subject of several research reports. Stifel Nicolaus upped their price objective on shares of Penguin Solutions from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Zacks Research cut shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Citigroup reissued an “outperform” rating on shares of Penguin Solutions in a research note on Wednesday, July 8th. Wall Street Zen lowered shares of Penguin Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. Finally, Citizens Jmp lifted their price objective on Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.17.

Penguin Solutions Stock Up 5.8%

PENG stock traded up $3.50 during midday trading on Tuesday, hitting $64.21. The company’s stock had a trading volume of 14,327,844 shares, compared to its average volume of 2,335,094. The firm’s 50-day moving average is $53.39 and its 200-day moving average is $49.24. The company has a current ratio of 1.54, a quick ratio of 1.10 and a debt-to-equity ratio of 0.65. Penguin Solutions has a 12 month low of $16.04 and a 12 month high of $89.86. The company has a market cap of $3.29 billion, a PE ratio of 45.54 and a beta of 2.86.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.23. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. The firm had revenue of $566.68 million for the quarter, compared to the consensus estimate of $520.99 million. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. On average, equities research analysts forecast that Penguin Solutions will post 2.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Anne Kuykendall sold 4,000 shares of Penguin Solutions stock in a transaction on Monday, August 24th. The shares were sold at an average price of $50.58, for a total transaction of $202,320.00. Following the transaction, the senior vice president owned 112,994 shares in the company, valued at approximately $5,715,236.52. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Clark sold 1,327 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $57.47, for a total value of $76,262.69. Following the completion of the transaction, the senior vice president directly owned 63,056 shares of the company’s stock, valued at approximately $3,623,828.32. This trade represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.90% of the stock is currently owned by insiders.

About Penguin Solutions

Penguin Solutions, Inc provides intelligent infrastructure solutions for artificial intelligence, high-performance computing, enterprise data centers and other demanding technology environments. The company combines specialized hardware, software and professional services to help organizations design, deploy and manage complex computing infrastructure.

Its offerings include AI and high-performance computing systems, servers, storage and networking infrastructure, as well as software and services for infrastructure management, optimization and support.