Plexus (PLXS) Releases Earnings Results, Misses Expectations By $0.05 EPS

Plexus (NASDAQ:PLXS) announced its quarterly earnings results on Wednesday. The technology company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05), Bloomberg Earnings reports. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $685.07 million. Plexus had a net margin of 4.43% and a return on equity of 11.48%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Plexus updated its Q2 guidance to $0.68-0.78 EPS.

Plexus (PLXS) traded up $0.59 during trading on Wednesday, reaching $64.36. The company’s stock had a trading volume of 240,761 shares, compared to its average volume of 135,694. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a market capitalization of $2,170.00, a price-to-earnings ratio of 19.86 and a beta of 0.88. Plexus has a one year low of $49.06 and a one year high of $66.78.

In other Plexus news, insider Yong Jin Lim sold 10,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the completion of the sale, the insider now owns 58,890 shares in the company, valued at $3,714,192.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ronnie Darroch sold 4,513 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $61.10, for a total value of $275,744.30. Following the sale, the vice president now owns 9,677 shares of the company’s stock, valued at approximately $591,264.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 205,696 shares of company stock valued at $12,706,971. 3.70% of the stock is owned by company insiders.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Longbow Research upgraded Plexus from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Citigroup boosted their price target on Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 27th. BidaskClub lowered Plexus from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Finally, ValuEngine upgraded Plexus from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $57.86.

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About Plexus

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

Earnings History for Plexus (NASDAQ:PLXS)

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