Analysts Anticipate Plexus Corp. (NASDAQ:PLXS) Will Post Quarterly Sales of $881.32 Million
Brokerages expect that Plexus Corp. (NASDAQ:PLXS) will report sales of $881.32 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Plexus’ earnings, with the lowest sales estimate coming in at $880.30 million and the highest estimate coming in at $881.96 million. Plexus posted sales of $767.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, April 21st.
On average, analysts expect that Plexus will report full-year sales of $3.48 billion for the current fiscal year, with estimates ranging from $3.47 billion to $3.49 billion. For the next year, analysts forecast that the firm will post sales of $3.77 billion, with estimates ranging from $3.69 billion to $3.85 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Plexus.
Plexus (NASDAQ:PLXS) last released its earnings results on Tuesday, January 19th. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.14. The company had revenue of $830.36 million for the quarter, compared to analyst estimates of $832.12 million. Plexus had a net margin of 3.47% and a return on equity of 13.10%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS.
PLXS opened at $90.84 on Friday. The business’s 50 day moving average is $90.66 and its two-hundred day moving average is $80.89. Plexus has a 52 week low of $54.02 and a 52 week high of $96.27. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 23.17 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 0.19.
In related news, VP Ronnie Darroch sold 3,637 shares of the stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $80.23, for a total transaction of $291,796.51. Following the sale, the vice president now owns 13,531 shares in the company, valued at approximately $1,085,592.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven J. Frisch sold 3,460 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $90.00, for a total transaction of $311,400.00. Following the completion of the sale, the vice president now owns 50,016 shares in the company, valued at approximately $4,501,440. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,763 shares of company stock valued at $1,823,824. Company insiders own 2.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Veriti Management LLC acquired a new position in shares of Plexus during the fourth quarter valued at about $78,000. Signaturefd LLC increased its holdings in Plexus by 19.3% during the 4th quarter. Signaturefd LLC now owns 1,012 shares of the technology company’s stock worth $79,000 after acquiring an additional 164 shares during the period. Vantage Consulting Group Inc bought a new stake in Plexus during the 4th quarter worth approximately $101,000. Sowell Financial Services LLC grew its stake in Plexus by 20.3% in the 4th quarter. Sowell Financial Services LLC now owns 2,328 shares of the technology company’s stock worth $182,000 after buying an additional 393 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Plexus in the 4th quarter valued at $207,000. 94.15% of the stock is owned by institutional investors and hedge funds.
Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
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