Zacks Research Issues Positive Forecast for Plexus Earnings

Plexus Corp. (NASDAQ:PLXS) – Investment analysts at Zacks Research raised their Q1 2026 earnings estimates for Plexus in a research report issued on Tuesday, December 24th. Zacks Research analyst V. Doshi now expects that the technology company will earn $1.66 per share for the quarter, up from their prior forecast of $1.62. The consensus estimate for Plexus’ current full-year earnings is $6.14 per share. Zacks Research also issued estimates for Plexus’ Q2 2026 earnings at $1.62 EPS and Q3 2026 earnings at $1.87 EPS.

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

Several other brokerages also recently commented on PLXS. Benchmark upped their price objective on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price objective 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. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Needham & Company LLC upped their target price on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, KeyCorp began coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus price target of $147.25.

Plexus Price Performance

Plexus stock opened at $161.65 on Friday. 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 52-week low of $90.18 and a 52-week high of $170.07. The firm’s fifty day moving average is $156.92 and its 200 day moving average is $132.98. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 40.31 and a beta of 0.90.

Insider Activity

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $144.19, for a total transaction of $448,863.47. Following the completion of the transaction, the chief accounting officer now directly owns 35,323 shares of the company’s stock, valued at $5,093,223.37. This represents a 8.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael J. Running sold 539 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total value of $84,013.93. Following the completion of the sale, the insider now owns 1,030 shares in the company, valued at approximately $160,546.10. This represents a 34.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,591 shares of company stock worth $5,143,375. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Plexus

Several institutional investors have recently made changes to their positions in PLXS. Disciplined Growth Investors Inc. MN increased its holdings in Plexus by 0.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,109,047 shares of the technology company’s stock worth $217,611,000 after purchasing an additional 7,245 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Plexus in the third quarter valued at $899,000. Victory Capital Management Inc. raised its position in shares of Plexus by 3.9% during the third quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock worth $27,367,000 after purchasing an additional 7,483 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in Plexus by 62.6% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 13,346 shares of the technology company’s stock valued at $1,825,000 after buying an additional 5,138 shares during the period. Finally, Entropy Technologies LP purchased a new position in Plexus in the third quarter valued at about $826,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Plexus Company Profile

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.