Plexus (NASDAQ:PLXS) Announces Earnings Results

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

Plexus Stock Performance

PLXS opened at $144.89 on Friday. The stock has a market cap of $3.95 billion, a PE 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 stock’s 50 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 news, insider Victor (Pang Hau) Tan sold 1,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the completion of the transaction, the insider now owns 8,605 shares in the company, valued at approximately $1,097,137.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Victor (Pang Hau) Tan sold 1,000 shares of the company’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 value of $127,500.00. Following the sale, the insider now directly owns 8,605 shares in the company, valued at approximately $1,097,137.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven J. Frisch sold 6,565 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.11, for a total value of $841,042.15. Following the transaction, the insider now owns 36,118 shares of the company’s stock, valued at $4,627,076.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,113 shares of company stock worth $2,541,394 over the last 90 days. Corporate insiders own 2.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC raised their target price on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday. Benchmark restated a “buy” rating and issued a $150.00 price objective on shares of Plexus in a research note on Monday. Finally, KeyCorp initiated coverage on shares of Plexus in a research report on Tuesday. They set a “sector weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $129.75.

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.