Plexus (NASDAQ:PLXS) Updates Q1 Earnings Guidance

Plexus (NASDAQ:PLXS) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.52-$1.67 for the period, compared to the consensus EPS 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 Analyst Weigh In

A number of analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of Plexus in a report on Monday. Needham & Company LLC lifted their price objective on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp assumed coverage on Plexus in a research report on Tuesday. They issued a “sector weight” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Plexus currently has a consensus rating of “Hold” and an average price target of $129.75.

Plexus Stock Performance

Shares of NASDAQ PLXS traded down $3.38 during midday trading on Friday, hitting $141.51. 98,094 shares of the stock traded hands, compared to its average volume of 127,804. The firm has a market capitalization of $3.85 billion, a P/E ratio of 36.50 and a beta of 0.89. Plexus has a one year low of $88.57 and a one year high of $153.60. 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 firm has a 50-day moving average of $130.48 and a two-hundred day moving average of $115.82.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Plexus had a return on equity of 9.64% and a net margin of 2.82%. Plexus’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. On average, equities analysts forecast that Plexus will post 3.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Plexus news, 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 transaction of $841,042.15. Following the completion of the sale, the insider now directly owns 36,118 shares of the company’s stock, valued at approximately $4,627,076.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Victor (Pang Hau) Tan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $127.50, for a total transaction of $127,500.00. Following the completion of the transaction, the insider now directly owns 8,605 shares in the company, valued at approximately $1,097,137.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven J. Frisch sold 6,565 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.11, for a total transaction of $841,042.15. Following the completion of the sale, the insider now directly owns 36,118 shares of the company’s stock, valued at $4,627,076.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,113 shares of company stock valued at $2,541,394. 2.39% of the stock is owned by 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.