Plexus (PLXS) Set to Announce Quarterly Earnings on Wednesday

Plexus (NASDAQ:PLXS) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Plexus has set its Q4 guidance at $1.50-1.65 EPS and its Q4 2024 guidance at 1.500-1.650 EPS.Parties 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, July 24th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. The business had revenue of $960.70 million during the quarter, compared to analyst estimates of $981.32 million. Plexus had a net margin of 2.82% and a return on equity of 9.64%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 earnings per share. On average, analysts expect Plexus to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Plexus Stock Performance

NASDAQ:PLXS opened at $135.91 on Wednesday. The company has a market cap of $3.72 billion, a P/E ratio of 37.54 and a beta of 0.89. Plexus has a twelve month low of $87.21 and a twelve month high of $138.40. The company’s 50-day moving average price is $127.47 and its 200-day moving average price is $113.73. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07.

Insider Activity

In other Plexus news, insider Victor (Pang Hau) Tan sold 1,000 shares of Plexus stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $127.50, for a total value of $127,500.00. Following the sale, the insider now owns 8,605 shares in the company, valued at $1,097,137.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Plexus news, insider Victor (Pang Hau) Tan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the transaction, the insider now owns 8,605 shares of the company’s stock, valued at $1,097,137.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $128.02, for a total transaction of $64,010.00. Following the sale, the director now owns 9,586 shares of the company’s stock, valued at approximately $1,227,199.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,113 shares of company stock valued at $2,541,394 in the last 90 days. Company insiders own 2.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PLXS shares. Benchmark raised their target price on shares of Plexus from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Needham & Company LLC boosted their price objective on Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.25.

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.