Plexus Corp. (PLXS) Earning Somewhat Positive Press Coverage, Accern Reports
Media coverage about Plexus Corp. (NASDAQ:PLXS) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plexus Corp. earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.1642666935152 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern’s analysis:
- ETFs with exposure to Plexus Corp. : November 8, 2017 (finance.yahoo.com)
- Steven J. Frisch Sells 5,000 Shares of Plexus Corp. (PLXS) Stock (americanbankingnews.com)
- Insider Selling: Plexus Corp. (PLXS) Chairman Sells 1,000 Shares of Stock (americanbankingnews.com)
- Dean A. Foate Sells 15,000 Shares of Plexus Corp. (PLXS) Stock (americanbankingnews.com)
PLXS has been the topic of a number of research reports. Zacks Investment Research lowered shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Citigroup Inc. raised their price objective on shares of Plexus Corp. from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. J P Morgan Chase & Co cut Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Tuesday, October 10th. ValuEngine raised Plexus Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 target price on shares of Plexus Corp. in a research report on Tuesday, September 12th. Two investment 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’s stock. The company has a consensus rating of “Hold” and an average price target of $57.86.
Shares of Plexus Corp. (NASDAQ PLXS) traded down $0.06 during trading hours on Friday, hitting $61.07. 104,530 shares of the company’s stock were exchanged, compared to its average volume of 175,590. Plexus Corp. has a 1 year low of $47.55 and a 1 year high of $62.56. The firm has a market cap of $2,060.00, a price-to-earnings ratio of 18.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78.
Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings results 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. The company had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. Plexus Corp. 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 business earned $0.82 earnings per share. analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.
In related news, CEO Todd P. Kelsey sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $61.71, for a total value of $246,840.00. Following the completion of the transaction, the chief executive officer now owns 58,425 shares of the company’s stock, valued at $3,605,406.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Ronnie Darroch sold 4,513 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $61.10, for a total value of $275,744.30. Following the completion of the transaction, the vice president now directly owns 9,677 shares of the company’s stock, valued at approximately $591,264.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,932 shares of company stock worth $7,408,752. Corporate insiders own 4.30% of the company’s stock.
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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.
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