Plexus (NASDAQ:PLXS) Posts Earnings Results, Beats Estimates By $0.30 EPS

Plexus (NASDAQ:PLXS) announced its quarterly earnings results on Wednesday. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.30, Briefing.com reports. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Plexus updated its Q1 guidance to $1.52-$1.67 EPS and its Q1 2025 guidance to 1.520-1.670 EPS.

Plexus Stock Up 10.7 %

Plexus stock traded up $14.52 during mid-day trading on Thursday, reaching $150.09. The stock had a trading volume of 62,284 shares, compared to its average volume of 125,855. The firm has a market capitalization of $4.11 billion, a PE ratio of 40.94 and a beta of 0.89. Plexus has a fifty-two week low of $87.21 and a fifty-two week high of $153.60. The stock’s 50-day simple moving average is $130.05 and its 200-day simple moving average is $115.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 1.47.

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $123.75, for a total transaction of $123,750.00. Following the completion of the sale, the chief executive officer now owns 87,026 shares in the company, valued at approximately $10,769,467.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Todd P. Kelsey sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $123.75, for a total value of $123,750.00. Following the transaction, the chief executive officer now owns 87,026 shares in the company, valued at $10,769,467.50. This trade represents 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 through this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of the company’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 sale, the chief executive officer now owns 93,682 shares of the company’s stock, valued at $12,028,768.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,113 shares of company stock worth $2,541,394 in the last ninety days. Corporate insiders own 2.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of Plexus in a report on Monday. Finally, KeyCorp began coverage on shares of Plexus in a report on Tuesday. They set a “sector weight” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.25.

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.