Plexus (NASDAQ:PLXS) Posts Earnings Results, Beats Expectations By $0.15 EPS

Plexus (NASDAQ:PLXS) posted its quarterly earnings data on Wednesday. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15, MarketWatch Earnings reports. Plexus had a net margin of 3.55% and a return on equity of 12.41%. Plexus updated its Q1 2021
After-Hours guidance to 1.02-1.17 EPS and its Q1 guidance to $1.02-1.17 EPS.

Shares of NASDAQ PLXS opened at $68.30 on Friday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.56 and a beta of 1.10. Plexus has a one year low of $35.16 and a one year high of $86.53. The business has a fifty day simple moving average of $71.43 and a 200 day simple moving average of $68.88. The company has a current ratio of 1.72, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20.

Several analysts have recently commented on PLXS shares. Zacks Investment Research cut Plexus from a “buy” rating to a “hold” rating and set a $74.00 target price for the company. in a research report on Wednesday, September 23rd. Needham & Company LLC boosted their price objective on Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. lowered Plexus from an “overweight” rating to a “neutral” rating and set a $78.00 target price on the stock. in a report on Wednesday, August 12th. They noted that the move was a valuation call. BidaskClub lowered Plexus from a “buy” rating to a “hold” rating in a report on Friday, August 28th. Finally, TheStreet upgraded shares of Plexus from a “c+” rating to a “b” rating in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $81.33.

In other news, CEO Todd P. Kelsey sold 10,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $75.66, for a total transaction of $771,732.00. Following the completion of the transaction, the chief executive officer now directly owns 131,113 shares of the company’s stock, valued at approximately $9,920,009.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven J. Frisch sold 4,398 shares of Plexus stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $80.11, for a total transaction of $352,323.78. Following the sale, the vice president now owns 43,920 shares in the company, valued at $3,518,431.20. The disclosure for this sale can be found here. Insiders have sold 76,508 shares of company stock worth $5,952,172 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

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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Earnings History for Plexus (NASDAQ:PLXS)

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