Plexus (NASDAQ:PLXS) Updates Q1 Earnings Guidance

Plexus (NASDAQ:PLXS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.52-$1.67 for the period, compared to the consensus earnings per share estimate of $1.54. The company issued revenue guidance of $960 million to $1.0 billion, compared to the consensus revenue estimate of $1.03 billion. Plexus also updated its Q1 2025 guidance to 1.520-1.670 EPS.

Wall Street Analysts Forecast Growth

PLXS has been the topic of several research analyst reports. Needham & Company LLC raised their target price on shares of Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp began coverage on shares of Plexus in a report on Tuesday. They issued a “sector weight” rating on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $150.00 target price on shares of Plexus in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.25.

Plexus Stock Up 0.6 %

Plexus stock traded up $0.79 during trading on Wednesday, reaching $135.57. 94,509 shares of the company’s stock were exchanged, compared to its average volume of 126,165. Plexus has a 52-week low of $87.21 and a 52-week high of $139.98. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 34.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 1.47. The company’s 50-day moving average is $129.74 and its two-hundred day moving average is $115.48.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 24th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.17. The company had revenue of $960.70 million during the quarter, compared to the consensus estimate of $981.32 million. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. On average, analysts predict that Plexus will post 3.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Karen Marie Rapp sold 500 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $128.02, for a total transaction of $64,010.00. Following the transaction, the director now directly owns 9,586 shares of the company’s stock, valued at approximately $1,227,199.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Plexus news, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $128.02, for a total transaction of $64,010.00. Following the completion of the sale, the director now owns 9,586 shares in the company, valued at $1,227,199.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Frisch sold 6,565 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $128.11, for a total value of $841,042.15. Following the completion of the transaction, the insider now directly owns 36,118 shares in the company, valued at approximately $4,627,076.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,113 shares of company stock worth $2,541,394 in the last 90 days. 2.39% of the stock is owned by company insiders.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.