Plexus (NASDAQ:PLXS) Announces Quarterly Earnings Results

Plexus (NASDAQ:PLXS) posted its quarterly earnings data 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $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 Price Performance

PLXS opened at $141.19 on Friday. The company has a market capitalization of $3.84 billion, a P/E ratio of 35.56 and a beta of 0.89. The company has a 50-day moving average of $130.82 and a 200-day moving average of $116.13. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 1.47. Plexus has a 1-year low of $88.57 and a 1-year high of $153.60.

Analyst Ratings Changes

A number of brokerages have commented on PLXS. KeyCorp began coverage on shares of Plexus in a report on Tuesday. They issued a “sector weight” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $150.00 target price on shares of Plexus in a research report on Monday, October 21st. Finally, Needham & Company LLC increased their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday. Three research 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, Plexus currently has a consensus rating of “Hold” and an average target price of $129.75.

Insider Transactions at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 3,000 shares of the company’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 transaction of $385,200.00. Following the sale, the chief executive officer now owns 93,682 shares in the company, valued at $12,028,768.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Plexus news, CEO Todd P. Kelsey sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $128.40, for a total transaction of $385,200.00. Following the completion of the sale, the chief executive officer now owns 93,682 shares in the company, valued at $12,028,768.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven J. Frisch sold 6,565 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $128.11, for a total transaction of $841,042.15. Following the sale, the insider now directly owns 36,118 shares in the company, valued at $4,627,076.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,113 shares of company stock valued at $2,541,394. 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.