Plexus (NASDAQ:PLXS) Announces Earnings Results, Beats Expectations By $0.07 EPS

Plexus (NASDAQ:PLXS) announced its earnings results on Wednesday. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07, Briefing.com reports. The business had revenue of $810.00 million for the quarter, compared to the consensus estimate of $776.02 million. Plexus had a net margin of 4.62% and a return on equity of 12.40%. Plexus’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. Plexus updated its Q1 2020 guidance to $0.87-0.97 EPS and its Q1 guidance to $0.87-0.97 EPS.

PLXS traded up $5.57 on Thursday, reaching $71.40. The company had a trading volume of 660,400 shares, compared to its average volume of 165,082. The business has a 50 day simple moving average of $62.54 and a 200 day simple moving average of $58.86. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 22.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.91 and a current ratio of 1.78. Plexus has a 52-week low of $47.63 and a 52-week high of $73.17.

In other Plexus news, VP Ronnie Darroch sold 4,045 shares of Plexus stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $57.09, for a total transaction of $230,929.05. Following the transaction, the vice president now directly owns 8,282 shares of the company’s stock, valued at $472,819.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralf R. Boer sold 2,500 shares of Plexus stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $58.64, for a total transaction of $146,600.00. Following the transaction, the director now directly owns 29,964 shares in the company, valued at $1,757,088.96. The disclosure for this sale can be found here. Insiders sold 28,980 shares of company stock worth $1,737,525 over the last ninety days. 3.90% of the stock is currently owned by insiders.

PLXS has been the topic of a number of recent analyst reports. BidaskClub raised shares of Plexus from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Zacks Investment Research raised shares of Plexus from a “sell” rating to a “hold” rating and set a $60.00 target price on the stock in a research note on Monday, September 2nd.

About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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Earnings History for Plexus (NASDAQ:PLXS)

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