Plexus (NASDAQ:PLXS) Releases Earnings Results, Beats Estimates By $0.30 EPS

Plexus (NASDAQ:PLXS) announced its quarterly earnings data on Wednesday. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.30, Briefing.com reports. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $1.44 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Plexus updated its Q1 guidance to $1.52-$1.67 EPS and its Q1 2025 guidance to 1.520-1.670 EPS.

Plexus Stock Up 6.9 %

Plexus stock opened at $144.89 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 36.50 and a beta of 0.89. Plexus has a 1-year low of $87.21 and a 1-year high of $153.60. The firm’s fifty day simple moving average is $130.48 and its 200-day simple moving average is $115.82. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other Plexus news, CEO Todd P. Kelsey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.40, for a total value of $385,200.00. Following the completion of the sale, the chief executive officer now owns 93,682 shares of the company’s stock, valued at $12,028,768.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Todd P. Kelsey sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $128.40, for a total value of $385,200.00. Following the completion of the sale, the chief executive officer now directly owns 93,682 shares in the company, valued at approximately $12,028,768.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $123.75, for a total transaction of $123,750.00. Following the sale, the chief executive officer now directly owns 87,026 shares of the company’s stock, valued at approximately $10,769,467.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,113 shares of company stock valued at $2,541,394 over the last three months. 2.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PLXS has been the subject of several research reports. Benchmark restated a “buy” rating and set a $150.00 price target on shares of Plexus in a report on Monday. Needham & Company LLC boosted their price target on shares of Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, KeyCorp started coverage on Plexus in a report on Tuesday. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.25.

About Plexus

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.