Penguin Solutions (NASDAQ:PENG) Posts Earnings Results, Beats Estimates By $0.19 EPS

Penguin Solutions (NASDAQ:PENG) posted its quarterly earnings data on Wednesday. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.19, Briefing.com reports. The company had revenue of $365.52 million for the quarter, compared to analyst estimates of $344.44 million. Penguin Solutions had a positive return on equity of 11.70% and a negative net margin of 2.21%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Penguin Solutions updated its FY25 guidance to $1.50-1.70 EPS and its FY 2025 guidance to 1.500-1.700 EPS.

Penguin Solutions Price Performance

PENG stock opened at $18.05 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.33 and a debt-to-equity ratio of 1.61. The stock’s 50-day moving average is $19.55. The company has a market cap of $961.90 million, a PE ratio of -34.71 and a beta of 1.83. Penguin Solutions has a 1 year low of $14.87 and a 1 year high of $22.67.

Analyst Upgrades and Downgrades

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

Insider Activity at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 2,131 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 89,469 shares in the company, valued at $1,873,480.86. This trade represents a 2.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jack A. Pacheco sold 6,667 shares of Penguin Solutions stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $20.55, for a total transaction of $137,006.85. Following the completion of the sale, the chief operating officer now directly owns 231,548 shares of the company’s stock, valued at approximately $4,758,311.40. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,684 shares of company stock valued at $393,617 in the last three months. Corporate insiders own 2.60% of the company’s stock.

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.