Plexus (PLXS) Projected to Post Quarterly Earnings on Wednesday

Plexus (NASDAQ:PLXS) is expected to 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.

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

Plexus Stock Up 0.8 %

NASDAQ:PLXS traded up $1.36 during mid-day trading on Wednesday, reaching $167.08. The company’s stock had a trading volume of 147,650 shares, compared to its average volume of 133,150. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07. Plexus has a 1 year low of $90.18 and a 1 year high of $170.07. The stock has a fifty day moving average of $161.70 and a 200-day moving average of $138.99. The firm has a market capitalization of $4.53 billion, a PE ratio of 41.67 and a beta of 0.91.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 4,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $148.48, for a total value of $593,920.00. Following the completion of the transaction, the chief executive officer now owns 81,026 shares in the company, valued at $12,030,740.48. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of Plexus stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $144.19, for a total value of $448,863.47. Following the sale, the chief accounting officer now directly owns 35,323 shares of the company’s stock, valued at approximately $5,093,223.37. This represents a 8.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,091 shares of company stock valued at $5,377,960. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PLXS has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of Plexus in a research note on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Benchmark boosted their price target on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus lifted their target price on Plexus from $136.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Needham & Company LLC increased their price target on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.00.

About Plexus

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.