Plexus (NASDAQ:PLXS – Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.50-1.65 for the period, compared to the consensus estimate of $1.36. The company issued revenue guidance of $0.99-1.03 billion, compared to the consensus revenue estimate of $1.02 billion. Plexus also updated its Q4 2024 guidance to 1.500-1.650 EPS.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on PLXS shares. Needham & Company LLC boosted their price target on shares of Plexus from $107.00 to $114.00 and gave the company a buy rating in a report on Friday, April 26th. Stifel Nicolaus boosted their target price on shares of Plexus from $90.00 to $95.00 and gave the company a hold rating in a research note on Friday, April 26th. Finally, Benchmark raised their target price on Plexus from $110.00 to $120.00 and gave the stock a buy rating in a research report on Friday, June 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Plexus presently has a consensus rating of Hold and a consensus price target of $110.25.
Get Our Latest Analysis on Plexus
Plexus Stock Up 11.6 %
Plexus (NASDAQ:PLXS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The business had revenue of $960.70 million for the quarter, compared to the consensus estimate of $981.32 million. During the same period in the prior year, the business posted $1.32 earnings per share. Plexus’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, research analysts forecast that Plexus will post 3.67 earnings per share for the current year.
Insider Transactions at Plexus
In related news, insider Victor (Pang Hau) Tan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $102.50, for a total value of $205,000.00. Following the completion of the sale, the insider now owns 12,605 shares of the company’s stock, valued at approximately $1,292,012.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Victor (Pang Hau) Tan sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $102.50, for a total transaction of $205,000.00. Following the transaction, the insider now owns 12,605 shares in the company, valued at approximately $1,292,012.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patrick John Jermain sold 4,999 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $110.00, for a total transaction of $549,890.00. Following the completion of the sale, the chief financial officer now owns 34,183 shares of the company’s stock, valued at $3,760,130. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $3,749,884 in the last three months. Corporate insiders own 2.39% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Plexus
- What is a Special Dividend?
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What is Insider Trading? What You Can Learn from Insider Trading
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.