Plexus (NASDAQ:PLXS) Issues Earnings Results, Beats Expectations By $0.29 EPS

Plexus (NASDAQ:PLXS) released its quarterly earnings results on Wednesday. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.29, Briefing.com reports. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis.

Plexus Stock Down 7.1%

Plexus stock opened at $222.24 on Thursday. The company has a 50-day simple moving average of $247.99 and a 200-day simple moving average of $238.91. The firm has a market capitalization of $5.95 billion, a P/E ratio of 32.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49. Plexus has a one year low of $132.03 and a one year high of $307.06.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLXS. Weiss Ratings cut shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 target price on shares of Plexus in a research report on Friday, August 14th. Finally, Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price for the company in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $276.86.

Trending Headlines about Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Quarterly results exceeded expectations: Plexus reported fiscal Q4 revenue of $1.427 billion and non-GAAP diluted EPS of $2.84, topping analyst estimates of approximately $1.36 billion and $2.55-$2.57, respectively. Revenue rose 34.9% year over year, while adjusted operating margin reached 6.7%. Plexus Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Record annual growth and higher profitability ambitions: Fiscal 2026 revenue reached a record $4.965 billion, up 23% year over year, while adjusted EPS increased to $8.97 from $7.43. Management raised its long-term non-GAAP operating-margin goal to 6.5%-7.0%, compared with fiscal 2026’s 6.2%. Plexus Fiscal 2026 Financial Results
• Positive Sentiment: Optimistic forward outlook: Plexus initiated fiscal Q1 2027 guidance for revenue of $1.410 billion-$1.460 billion and adjusted EPS of $2.46-$2.62. The company also cited $290 million in new manufacturing-program wins, a 33% year-over-year increase in its qualified opportunity pipeline to $4.9 billion, and expected fiscal 2027 revenue growth in the mid-to-upper teens. Plexus Beats Expectations and Provides Guidance
• Positive Sentiment: Shareholder returns and technical support: Plexus repurchased $85 million of stock during fiscal 2026 and authorized another $100 million program for fiscal 2027. The move above the 200-day moving average adds a favorable technical signal. Plexus Stock Crosses Above 200-Day Moving Average
• Neutral Sentiment: Risks remain: Annual free cash flow was negative $28.9 million because of heavy investment and working-capital needs, while the top 10 customers accounted for 54% of fiscal-year revenue and 56% in Q4. Recent insider activity also consisted entirely of reported sales, which could weigh on sentiment.

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $239.16, for a total value of $358,740.00. Following the sale, the chief executive officer owned 62,888 shares in the company, valued at approximately $15,040,294.08. This trade represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Rapp sold 500 shares of Plexus stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $240.87, for a total value of $120,435.00. Following the sale, the director directly owned 7,535 shares in the company, valued at approximately $1,814,955.45. This trade represents a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,000 shares of company stock valued at $2,319,260 in the last quarter. Company insiders own 1.78% of the company’s stock.

Plexus Company Profile

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.