Zacks Research Equities Analysts Raise Earnings Estimates for Plexus Corp. (NASDAQ:PLXS)

Plexus Corp. (NASDAQ:PLXS) – Analysts at Zacks Research upped their FY2025 earnings per share estimates for shares of Plexus in a note issued to investors on Wednesday, August 7th. Zacks Research analyst V. Doshi now anticipates that the technology company will post earnings per share of $5.79 for the year, up from their prior estimate of $5.72. The consensus estimate for Plexus’ current full-year earnings is $3.75 per share. Zacks Research also issued estimates for Plexus’ Q4 2025 earnings at $1.64 EPS, Q3 2026 earnings at $1.81 EPS and FY2026 earnings at $6.58 EPS.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. The business had revenue of $960.70 million during the quarter, compared to analyst estimates of $981.32 million. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS.

Several other equities analysts have also weighed in on PLXS. Needham & Company LLC lifted their price target on Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus lifted their price target on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, Benchmark lifted their price objective on Plexus from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.00.

Plexus Price Performance

Shares of Plexus stock opened at $119.32 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Plexus has a twelve month low of $87.21 and a twelve month high of $132.46. The business has a 50-day moving average price of $110.99 and a 200 day moving average price of $103.05. The firm has a market cap of $3.27 billion, a PE ratio of 32.96 and a beta of 0.90.

Institutional Trading of Plexus

Several institutional investors have recently made changes to their positions in PLXS. Louisiana State Employees Retirement System purchased a new stake in shares of Plexus during the 4th quarter valued at approximately $1,481,000. Phocas Financial Corp. raised its position in shares of Plexus by 16.5% during the 4th quarter. Phocas Financial Corp. now owns 64,424 shares of the technology company’s stock valued at $6,966,000 after buying an additional 9,128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Plexus by 6.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,267 shares of the technology company’s stock valued at $678,000 after buying an additional 363 shares during the period. Avior Wealth Management LLC raised its position in shares of Plexus by 115.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,118 shares of the technology company’s stock valued at $229,000 after buying an additional 1,134 shares during the period. Finally, Cetera Trust Company N.A purchased a new stake in shares of Plexus during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Transactions at Plexus

In other news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $109.50, for a total transaction of $109,500.00. Following the transaction, the chief executive officer now directly owns 102,338 shares in the company, valued at approximately $11,206,011. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Todd P. Kelsey sold 1,656 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $115.00, for a total transaction of $190,440.00. Following the transaction, the chief executive officer now directly owns 96,682 shares in the company, valued at approximately $11,118,430. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd P. Kelsey sold 1,000 shares of Plexus stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $109.50, for a total transaction of $109,500.00. Following the sale, the chief executive officer now directly owns 102,338 shares in the company, valued at approximately $11,206,011. The disclosure for this sale can be found here. Insiders have sold a total of 18,220 shares of company stock worth $2,189,472 in the last ninety days. Insiders own 2.39% of the company’s stock.

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.