Plexus Corp. (PLXS) to Release Quarterly Earnings on Wednesday
Plexus Corp. (NASDAQ:PLXS) is set to announce its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The company had revenue of $618.80 million during the quarter, compared to analyst estimates of $608.95 million. Plexus Corp. had a return on equity of 10.76% and a net margin of 4.07%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. On average, analysts expect Plexus Corp. to post $3.22 EPS for the current fiscal year and $3.46 EPS for the next fiscal year.
Shares of Plexus Corp. (PLXS) opened at 58.46 on Wednesday. Plexus Corp. has a 1-year low of $44.35 and a 1-year high of $59.55. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 19.74 and a beta of 0.95. The company’s 50-day moving average price is $54.79 and its 200 day moving average price is $53.30.
In other Plexus Corp. news, insider Oliver K. Mihm sold 2,749 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $54.87, for a total transaction of $150,837.63. Following the completion of the transaction, the insider now owns 6,223 shares of the company’s stock, valued at approximately $341,456.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ronnie Darroch sold 26,757 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $54.94, for a total transaction of $1,470,029.58. Following the transaction, the vice president now directly owns 9,397 shares of the company’s stock, valued at approximately $516,271.18. The disclosure for this sale can be found here. Insiders have sold a total of 88,880 shares of company stock valued at $4,770,932 in the last three months. Insiders own 4.30% of the company’s stock.
A number of brokerages have issued reports on PLXS. J P Morgan Chase & Co lowered Plexus Corp. 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. ValuEngine lowered Plexus Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Zacks Investment Research lowered Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub lowered Plexus Corp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 price target on shares of Plexus Corp. in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.00.
WARNING: This news story was first reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/10/17/plexus-corp-plxs-to-release-quarterly-earnings-on-wednesday.html.
About Plexus Corp.
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.
Receive News & Ratings for Plexus Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus Corp. and related companies with MarketBeat.com's FREE daily email newsletter.