Plexus (PLXS) Updates Q1 Earnings Guidance
Plexus (PLXS) updated its first quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.45-0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of ~$531 million, compared to the consensus revenue estimate of $562.32 million.
A number of analysts have recently weighed in on PLXS shares. Analysts at Bank of America upgraded shares of Plexus to a neutral rating in a research note to investors on Monday, December 24th. On a related note, analysts at Needham & Company raised their price target on shares of Plexus from $23.00 to $25.00 in a research note to investors on Thursday, December 13th. They now have a buy rating on the stock.
Two investment analysts have rated the stock with a buy rating, eight have assigned a hold rating, and one has given a sell rating to the company. The stock currently has an average rating of hold and a consensus price target of $23.64.
Shares of Plexus (PLXS) traded down 1.71% during mid-day trading on Monday, hitting $25.80. Plexus (PLXS) has a one year low of $19.63 and a one year high of $38.50. The stock’s 50-day moving average is currently $23.85. The company has a market cap of $905.1 million and a P/E ratio of 15.00.
Plexus last announced its earnings results on Wednesday, October 24th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $594.79 million for the quarter, compared to the consensus estimate of $663.56 million. Plexus’s revenue was up 10.5% compared to the same quarter last year. Plexus has set its Q1 guidance at $0.50-0.55 EPS. Analysts expect that Plexus (PLXS) will post $2.01 EPS for the current fiscal year.
Plexus Corp. (Plexus), along with its subsidiaries, provide optimized product realization solutions through a product realization value stream service model.
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