Plexus (PLXS) Projected to Post Earnings on Wednesday

Plexus (NASDAQ:PLXS) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce 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 that are interested in participating in the company’s conference call can do so using this link.

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

Shares of NASDAQ PLXS opened at $167.36 on Tuesday. The stock has a fifty day moving average price of $161.82 and a 200 day moving average price of $140.56. Plexus has a 1-year low of $90.18 and a 1-year high of $170.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71. The company has a market cap of $4.53 billion, a PE ratio of 41.74 and a beta of 0.91.

Analyst Ratings Changes

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

Insider Buying and Selling at Plexus

In related news, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total transaction of $234,585.00. Following the completion of the sale, the chief executive officer now directly owns 74,271 shares of the company’s stock, valued at approximately $11,615,241.69. This represents a 1.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 5,605 shares in the company, valued at $929,869.50. This trade represents a 34.86 % decrease in their ownership of the stock. 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. Company insiders own 1.76% of the company’s stock.

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.