Plexus (PLXS) Set to Announce Quarterly Earnings on Wednesday
Plexus (NASDAQ:PLXS) is scheduled to be announcing its earnings results 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 released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. During the same quarter in the prior year, the firm posted $0.82 EPS. The business’s revenue was up 2.6% on a year-over-year basis. 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 $64.53 on Wednesday. Plexus has a 12-month low of $49.06 and a 12-month high of $65.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. The firm has a market capitalization of $2,190.00, a P/E ratio of 19.92 and a beta of 0.88.
A number of equities analysts have weighed in on PLXS shares. BidaskClub downgraded Plexus from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Citigroup increased their price objective on Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 27th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Longbow Research raised Plexus from a “neutral” rating to a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Plexus currently has an average rating of “Hold” and an average target price of $57.86.
In related news, insider Yong Jin Lim sold 10,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $63.07, for a total value of $630,700.00. Following the sale, the insider now owns 58,890 shares in the company, valued at approximately $3,714,192.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ronnie Darroch sold 4,513 shares of the stock in a transaction on 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 sale, the vice president now owns 9,677 shares in the company, valued at approximately $591,264.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,696 shares of company stock worth $12,706,971. 3.70% of the stock is owned by company insiders.
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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