Plexus Corp. (NASDAQ:PLXS) Expected to Post Earnings of $0.93 Per Share

Wall Street analysts predict that Plexus Corp. (NASDAQ:PLXS) will post earnings per share of $0.93 for the current quarter, Zacks reports. Two analysts have made estimates for Plexus’ earnings. Plexus reported earnings per share of $0.91 in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The company is expected to issue its next earnings report on Wednesday, January 15th.

According to Zacks, analysts expect that Plexus will report full year earnings of $4.09 per share for the current financial year. For the next financial year, analysts forecast that the firm will post earnings of $4.59 per share, with EPS estimates ranging from $4.45 to $4.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Plexus.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. The firm had revenue of $810.00 million during the quarter, compared to analysts’ expectations of $776.02 million. Plexus had a return on equity of 12.16% and a net margin of 3.43%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS.

A number of analysts have recently weighed in on PLXS shares. BidaskClub raised Plexus from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Sidoti cut Plexus from a “buy” rating to a “neutral” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research raised Plexus from a “sell” rating to a “hold” rating and set a $60.00 price target for the company in a research report on Monday, September 2nd.

Shares of Plexus stock traded down $0.80 during trading on Tuesday, reaching $75.90. The company’s stock had a trading volume of 48,335 shares, compared to its average volume of 196,670. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 22.13 and a beta of 0.96. Plexus has a 1-year low of $47.63 and a 1-year high of $77.64. The company has a 50-day simple moving average of $71.88 and a two-hundred day simple moving average of $61.20.

In other Plexus news, VP Steven J. Frisch sold 3,558 shares of Plexus stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.18, for a total transaction of $274,606.44. Following the completion of the sale, the vice president now owns 41,352 shares of the company’s stock, valued at approximately $3,191,547.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 13,000 shares of Plexus stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $73.21, for a total value of $951,730.00. Following the sale, the chief accounting officer now directly owns 36,821 shares of the company’s stock, valued at approximately $2,695,665.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 203,125 shares of company stock valued at $14,982,228. 3.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. A.R.T. Advisors LLC acquired a new position in shares of Plexus in the 2nd quarter valued at about $347,000. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Plexus by 10.3% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 7,152 shares of the technology company’s stock valued at $447,000 after buying an additional 667 shares during the period. Laurion Capital Management LP acquired a new position in shares of Plexus in the 2nd quarter valued at about $465,000. Jane Street Group LLC acquired a new position in shares of Plexus in the 2nd quarter valued at about $480,000. Finally, Paloma Partners Management Co lifted its holdings in shares of Plexus by 75.8% in the 2nd quarter. Paloma Partners Management Co now owns 9,895 shares of the technology company’s stock valued at $578,000 after buying an additional 4,266 shares during the period. 95.15% of the stock is owned by institutional investors.

Plexus Company Profile

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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