Zacks Research Brokers Lower Earnings Estimates for Plexus

Plexus Corp. (NASDAQ:PLXS) – Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for Plexus in a research note issued on Wednesday, November 5th. Zacks Research analyst Team now expects that the technology company will earn $1.52 per share for the quarter, down from their previous estimate of $1.56. The consensus estimate for Plexus’ current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Plexus’ Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.65 EPS, Q4 2026 earnings at $1.71 EPS, Q2 2027 earnings at $1.71 EPS, Q3 2027 earnings at $1.82 EPS, Q4 2027 earnings at $1.86 EPS and FY2027 earnings at $7.07 EPS.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS.

Several other equities analysts have also recently issued reports on PLXS. Benchmark reiterated a “buy” rating and set a $165.00 price target on shares of Plexus in a research report on Friday, October 24th. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Plexus from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Williams Trading set a $165.00 target price on shares of Plexus in a report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $159.00.

Plexus Stock Performance

PLXS opened at $143.26 on Monday. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 22.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. Plexus has a 1-year low of $103.43 and a 1-year high of $172.89. The business has a 50 day moving average price of $142.55 and a two-hundred day moving average price of $135.55.

Institutional Trading of Plexus

Large investors have recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in shares of Plexus by 22.8% in the first quarter. Deutsche Bank AG now owns 47,997 shares of the technology company’s stock worth $6,150,000 after acquiring an additional 8,921 shares in the last quarter. Acadian Asset Management LLC increased its stake in Plexus by 666.3% during the 1st quarter. Acadian Asset Management LLC now owns 14,660 shares of the technology company’s stock worth $1,876,000 after purchasing an additional 12,747 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Plexus during the 1st quarter worth approximately $121,000. Ritholtz Wealth Management boosted its holdings in shares of Plexus by 109.8% in the second quarter. Ritholtz Wealth Management now owns 4,660 shares of the technology company’s stock valued at $631,000 after buying an additional 2,439 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Plexus by 14.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,287 shares of the technology company’s stock worth $293,000 after acquiring an additional 284 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Insider Transactions at Plexus

In other Plexus news, COO Oliver K. Mihm sold 2,102 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $130.43, for a total value of $274,163.86. Following the completion of the transaction, the chief operating officer directly owned 21,155 shares in the company, valued at $2,759,246.65. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $137.78, for a total transaction of $217,141.28. Following the sale, the chief accounting officer owned 24,495 shares in the company, valued at $3,374,921.10. This represents a 6.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,676 shares of company stock worth $2,450,935 in the last three months. Insiders own 1.76% of the company’s stock.

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.