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 $1.30-$1.70 for the period, compared to the consensus earnings per share 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 Stock Down 3.6 %

Shares of NASDAQ PENG traded down $0.71 during trading on Wednesday, hitting $19.13. The company had a trading volume of 1,126,200 shares, compared to its average volume of 848,462. The firm’s fifty day simple moving average is $18.42. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $29.81. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -19.13 and a beta of 1.69. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 1.65.

Penguin Solutions (NASDAQ:PENG) last announced its earnings results on Tuesday, October 15th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.04). The business had revenue of $311.15 million for the quarter, compared to analyst estimates 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, analysts anticipate that Penguin Solutions will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PENG has been the topic of a number of analyst reports. Needham & Company LLC reduced their price objective on Penguin Solutions from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus cut their price objective on shares of Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Barclays decreased their target price on shares of Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group started coverage on Penguin Solutions in a report on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Loop Capital began coverage on Penguin Solutions in a research report on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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 13,334 shares of Penguin Solutions stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $20.05, for a total transaction of $267,346.70. Following the sale, the chief operating officer now owns 235,960 shares in the company, valued at approximately $4,730,998. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Gates Clark sold 2,264 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $17.50, for a total transaction of $39,620.00. Following the completion of the sale, the insider now owns 95,999 shares of the company’s stock, valued at approximately $1,679,982.50. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,264 shares of company stock worth $440,287 in the last three months. 2.60% of the stock is owned by company insiders.

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.