Equities analysts predict that Plexus Corp. (NASDAQ:PLXS) will report earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Plexus’ earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.75. Plexus reported earnings per share of $0.84 during the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The firm is expected to announce its next earnings results on Wednesday, April 18th.
On average, analysts expect that Plexus will report full-year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.21 to $3.30. For the next year, analysts anticipate that the firm will report earnings of $3.73 per share, with EPS estimates ranging from $3.70 to $3.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Plexus.
Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Plexus had a negative net margin of 0.57% and a positive return on equity of 11.24%. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $685.07 million. During the same quarter in the previous year, the firm posted $0.82 EPS. Plexus’s revenue was up 6.6% compared to the same quarter last year.
In related news, Director Peter Kelly bought 5,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $60.10 per share, with a total value of $300,500.00. Following the purchase, the director now owns 21,896 shares of the company’s stock, valued at approximately $1,315,949.60. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd P. Kelsey sold 6,500 shares of Plexus stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $60.90, for a total transaction of $395,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,554 shares of company stock worth $1,726,564 in the last ninety days. Insiders own 3.70% of the company’s stock.
A number of large investors have recently bought and sold shares of PLXS. Franklin Resources Inc. boosted its stake in Plexus by 67.3% during the fourth quarter. Franklin Resources Inc. now owns 1,192,000 shares of the technology company’s stock worth $72,378,000 after acquiring an additional 479,300 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Plexus by 99.7% during the fourth quarter. Thrivent Financial For Lutherans now owns 287,611 shares of the technology company’s stock worth $17,464,000 after acquiring an additional 143,561 shares in the last quarter. BlackRock Inc. boosted its stake in Plexus by 2.6% during the fourth quarter. BlackRock Inc. now owns 4,313,584 shares of the technology company’s stock worth $261,921,000 after acquiring an additional 107,433 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Plexus by 10.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 581,975 shares of the technology company’s stock worth $35,338,000 after acquiring an additional 56,425 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Plexus by 60.6% during the fourth quarter. Deutsche Bank AG now owns 138,411 shares of the technology company’s stock worth $8,401,000 after acquiring an additional 52,209 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Plexus (NASDAQ:PLXS) traded up $2.03 during mid-day trading on Friday, hitting $66.38. 104,559 shares of the company’s stock were exchanged, compared to its average volume of 159,867. Plexus has a 12-month low of $49.06 and a 12-month high of $66.78. The stock has a market capitalization of $2,153.08, a PE ratio of -130.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 1.08.
Plexus announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 20th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.
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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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