Plexus (PLXS) Set to Announce Quarterly Earnings on Wednesday

Plexus (NASDAQ:PLXS) will issue its quarterly earnings data 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 announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $676.23 million. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. On average, analysts expect Plexus to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Plexus (NASDAQ:PLXS) opened at $64.53 on Wednesday. The firm has a market capitalization of $2,190.00, a PE ratio of 19.92 and a beta of 0.88. Plexus has a twelve month low of $49.06 and a twelve month high of $65.54. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03.

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $61.58, for a total value of $985,280.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,159 shares in the company, valued at approximately $1,118,231.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yong Jin Lim sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the completion of the transaction, the insider now owns 58,890 shares of the company’s stock, valued at $3,714,192.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,696 shares of company stock valued at $12,706,971. 3.70% of the stock is currently owned by company insiders.

PLXS has been the subject of several recent research reports. Zacks Investment Research cut Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Citigroup boosted their price objective on Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. BidaskClub cut Plexus from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, JPMorgan Chase & Co. cut Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $57.86.

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About Plexus

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.

Earnings History for Plexus (NASDAQ:PLXS)

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