Penguin Solutions (NASDAQ:PENG) Updates FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.30-$1.70 for the period, compared to the consensus EPS 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 midday trading on Wednesday, hitting $19.13. The stock had a trading volume of 1,088,153 shares, compared to its average volume of 798,321. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $29.81. The company has a market capitalization of $1.02 billion, a P/E 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. The stock has a 50-day moving average price of $18.42.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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%. Research analysts expect that Penguin Solutions will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stifel Nicolaus dropped their price target on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Loop Capital initiated coverage on shares of Penguin Solutions in a research report on Tuesday. They set a “buy” rating and a $30.00 target price for the company. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Friday, November 1st. They issued a “buy” rating and a $21.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $27.00 target price on shares of Penguin Solutions in a research note on Thursday, December 19th. Finally, Barclays dropped their price target on Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $25.00.

Insider Activity

In other Penguin Solutions news, insider Joseph Gates Clark sold 2,264 shares of Penguin Solutions stock in a transaction that occurred 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 transaction, the insider now owns 95,999 shares of the company’s stock, valued at $1,679,982.50. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $20.05, for a total value of $267,346.70. Following the completion of the transaction, the chief operating officer now directly owns 235,960 shares of the company’s stock, valued at approximately $4,730,998. This represents a 5.35 % 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 currently owned by corporate 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.