Plexus Corp. (NASDAQ:PLXS) Director Stephen P. Cortinovis sold 4,996 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $75.38, for a total value of $376,598.48. Following the completion of the sale, the director now owns 27,123 shares in the company, valued at $2,044,531.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Plexus stock opened at $74.94 on Friday. Plexus Corp. has a 1-year low of $47.63 and a 1-year high of $76.44. The stock’s fifty day moving average is $66.27 and its two-hundred day moving average is $59.59. The stock has a market cap of $2.21 billion, a PE ratio of 21.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 0.97.
Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. Plexus had a return on equity of 12.16% and a net margin of 3.43%. The company had revenue of $810.00 million for the quarter, compared to analyst estimates of $776.02 million. During the same quarter in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts expect that Plexus Corp. will post 4.09 earnings per share for the current fiscal year.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Plexus from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research note on Monday, September 2nd. Sidoti cut Plexus from a “buy” rating to a “neutral” rating in a research note on Friday, October 25th. Finally, BidaskClub upgraded Plexus from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th.
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. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.
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