Plexus (PLXS) Projected to Post Earnings on Wednesday

Plexus (NASDAQ:PLXSGet Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Plexus to post earnings of $1.59 per share and revenue of $982,320.00 billion for the quarter. Plexus has set its Q1 guidance at $1.52-$1.67 EPS and its Q1 2025 guidance at 1.520-1.670 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Plexus (NASDAQ:PLXSGet Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect Plexus to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Plexus Trading Up 1.5 %

NASDAQ PLXS opened at $167.36 on Tuesday. Plexus has a one year low of $90.18 and a one year high of $170.07. The firm has a 50 day simple moving average of $161.82 and a 200-day simple moving average of $140.56. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 41.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51.

Insider Activity

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $165.90, for a total value of $497,700.00. Following the completion of the sale, the insider now directly owns 5,605 shares of the company’s stock, valued at $929,869.50. The trade was a 34.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total value of $234,585.00. Following the transaction, the chief executive officer now directly owns 74,271 shares in the company, valued at approximately $11,615,241.69. The trade was a 1.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,091 shares of company stock worth $5,377,960. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on PLXS. Stifel Nicolaus boosted their price target on shares of Plexus from $136.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. KeyCorp assumed coverage on Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Benchmark lifted their price objective on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Needham & Company LLC upped their target price on shares of Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Plexus currently has a consensus rating of “Moderate Buy” and an average target price of $159.00.

Get Our Latest Stock Analysis on PLXS

About Plexus

(Get Free Report)

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.

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Earnings History for Plexus (NASDAQ:PLXS)

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