Brokerages expect that Plexus Corp. (NASDAQ:PLXS) will report $684.71 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Plexus’ earnings, with the highest sales estimate coming in at $685.74 million and the lowest estimate coming in at $683.00 million. Plexus reported sales of $635.02 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, January 17th.
According to Zacks, analysts expect that Plexus will report full year sales of $684.71 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.80 billion. For the next financial year, analysts expect that the firm will report sales of $2.97 billion per share, with estimates ranging from $2.93 billion to $3.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Plexus.
Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share.
Shares of Plexus (NASDAQ PLXS) opened at $65.12 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. Plexus has a 52 week low of $49.06 and a 52 week high of $65.54. The firm has a market capitalization of $2,190.00, a P/E ratio of 20.10 and a beta of 0.88.
In other Plexus news, insider Yong Jin Lim sold 10,000 shares of the company’s 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 of the company’s stock, valued at $3,714,192.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $61.58, for a total value of $985,280.00. Following the completion of the sale, the chief accounting officer now directly owns 18,159 shares in the company, valued at approximately $1,118,231.22. The disclosure for this sale can be found here. Insiders sold 205,696 shares of company stock worth $12,706,971 in the last three months. 3.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC boosted its stake in shares of Plexus by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock valued at $3,819,000 after acquiring an additional 1,861 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Plexus by 0.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock worth $159,753,000 after purchasing an additional 16,329 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Plexus by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock worth $14,864,000 after purchasing an additional 10,388 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of Plexus in the 2nd quarter worth about $5,016,000. Finally, FMR LLC raised its holdings in shares of Plexus by 546.1% during the 2nd quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after buying an additional 939,589 shares during the period. 93.45% of the stock is currently owned by institutional investors and hedge funds.
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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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