Plexus (PLXS) Set to Announce Earnings on Wednesday

Plexus (NASDAQ:PLXS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Plexus has set its Q1 guidance at $0.75-0.85 EPS.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. Plexus had a net margin of 4.43% and a return on equity of 11.48%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, analysts expect Plexus to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Plexus (PLXS) opened at $65.87 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2,216.20, a PE ratio of 20.33 and a beta of 0.88. Plexus has a fifty-two week low of $49.06 and a fifty-two week high of $65.88.

In related news, Chairman Dean A. Foate sold 1,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $60.38, for a total value of $60,380.00. Following the sale, the chairman now directly owns 288,920 shares in the company, valued at approximately $17,444,989.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Dean A. Foate sold 12,300 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.41, for a total value of $779,943.00. Following the completion of the sale, the chairman now owns 295,220 shares in the company, valued at $18,719,900.20. The disclosure for this sale can be found here. Insiders sold a total of 205,696 shares of company stock worth $12,706,971 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

PLXS has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Plexus from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Citigroup boosted their price target on shares of Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. ValuEngine raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded shares of Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Longbow Research raised shares of Plexus from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.86.

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About Plexus

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.

Earnings History for Plexus (NASDAQ:PLXS)

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