Plexus (NASDAQ:PLXS) Updates Q1 Earnings Guidance

Plexus (NASDAQ:PLXS) issued an update on its first quarter earnings guidance on Wednesday morning. 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on PLXS shares. Benchmark reissued a “buy” rating and set a $150.00 price objective on shares of Plexus in a research note on Monday. Needham & Company LLC raised their price target on shares of Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp assumed coverage on shares of Plexus in a research note on Tuesday. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $129.75.

Plexus Trading Down 2.3 %

NASDAQ:PLXS traded down $3.38 during trading hours on Friday, hitting $141.51. The company had a trading volume of 98,094 shares, compared to its average volume of 127,804. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 0.64. The stock has a 50-day moving average price of $130.48 and a 200 day moving average price of $115.82. The company has a market capitalization of $3.85 billion, a PE ratio of 36.50 and a beta of 0.89. Plexus has a 52 week low of $88.57 and a 52 week high of $153.60.

Plexus (NASDAQ:PLXS) last announced 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. Plexus had a net margin of 2.82% and a return on equity of 9.64%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Plexus will post 3.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.40, for a total value of $385,200.00. Following the completion of the transaction, the chief executive officer now owns 93,682 shares in the company, valued at $12,028,768.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Steven J. Frisch sold 6,565 shares of the business’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 sale, the insider now directly owns 36,118 shares of the company’s stock, valued at $4,627,076.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd P. Kelsey sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $128.40, for a total value of $385,200.00. Following the completion of the sale, the chief executive officer now directly owns 93,682 shares in the company, valued at $12,028,768.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,113 shares of company stock worth $2,541,394. Company 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.