Penguin Solutions (NASDAQ:PENG) Releases FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.30-1.70 for the period, compared to the consensus earnings per share estimate of $1.75. Penguin Solutions also updated its FY 2025 guidance to 1.300-1.700 EPS.

Wall Street Analysts Forecast Growth

PENG has been the subject of a number of research reports. The Goldman Sachs Group started coverage on Penguin Solutions in a research report on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective for the company. Barclays reduced their price target on Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Citizens Jmp upgraded Penguin Solutions to a “strong-buy” rating in a report on Monday, November 18th. Needham & Company LLC lowered their price target on Penguin Solutions from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Penguin Solutions from $32.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Penguin Solutions has a consensus rating of “Buy” and an average target price of $23.60.

Penguin Solutions Price Performance

Shares of PENG opened at $19.61 on Tuesday. The company has a 50-day moving average of $17.49. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -19.61 and a beta of 1.74. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $29.81.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Tuesday, October 15th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.04). Penguin Solutions had a negative net margin of 4.48% and a positive return on equity of 8.05%. The company had revenue of $311.15 million during the quarter, compared to the consensus estimate of $325.00 million. Analysts predict that Penguin Solutions will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph Gates Clark sold 2,264 shares of the 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 sale, the insider now owns 95,999 shares in the company, valued at approximately $1,679,982.50. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jack A. Pacheco sold 13,334 shares of the business’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 transaction of $267,346.70. Following the transaction, the chief operating officer now 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. 2.40% of the stock is currently owned by 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.