Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 16,925 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $61.22, for a total transaction of $1,036,148.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Plexus Corp. (NASDAQ:PLXS) traded down $0.49 during midday trading on Wednesday, reaching $60.70. 132,573 shares of the company’s stock traded hands, compared to its average volume of 173,600. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a market capitalization of $2,050.00, a P/E ratio of 18.98 and a beta of 0.87. Plexus Corp. has a 1-year low of $49.06 and a 1-year high of $64.12.
Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $676.23 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that Plexus Corp. will post 3.41 EPS for the current fiscal year.
PLXS has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 target price on shares of Plexus in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of Plexus from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. J P Morgan Chase & Co lowered shares of Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.86.
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Plexus Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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