Plexus (PLXS) Expected to Announce Quarterly Earnings on Wednesday

Plexus (NASDAQ:PLXS - Get Free Report) will likely be issuing 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.

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

PLXS traded up $1.36 during trading on Wednesday, hitting $167.08. 147,650 shares of the company traded hands, compared to its average volume of 133,150. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.53 billion, a PE ratio of 41.67 and a beta of 0.91. The stock's 50-day simple moving average is $161.70 and its two-hundred day simple moving average is $138.99. Plexus has a 1 year low of $90.18 and a 1 year high of $170.07.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PLXS shares. Benchmark upped their price objective on Plexus from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Needham & Company LLC upped their price target on shares of Plexus from $144.00 to $162.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Plexus from $136.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Plexus from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, KeyCorp started coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a "sector weight" rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Plexus currently has an average rating of "Moderate Buy" and a consensus price target of $159.00.

Insider Buying and Selling at Plexus

In other news, insider Michael J. Running sold 579 shares of Plexus stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $153.93, for a total transaction of $89,125.47. Following the completion of the sale, the insider now directly owns 1,569 shares in the company, valued at approximately $241,516.17. This trade represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $165.90, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now owns 5,605 shares in the company, valued at approximately $929,869.50. The trade was a 34.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,091 shares of company stock worth $5,377,960 over the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.