Plexus (NASDAQ:PLXS – Get Rating) will be announcing its earnings results after the market closes on Wednesday, April 27th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Plexus has set its Q2 guidance at $0.76-0.92 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Plexus (NASDAQ:PLXS – Get Rating) last posted its quarterly earnings data on Wednesday, January 26th. The technology company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The business had revenue of $817.46 million during the quarter, compared to the consensus estimate of $817.30 million. Plexus had a return on equity of 12.75% and a net margin of 3.76%. During the same period last year, the business posted $1.23 earnings per share. On average, analysts expect Plexus to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
PLXS stock opened at $79.14 on Wednesday. The firm has a market cap of $2.22 billion, a P/E ratio of 18.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.71. Plexus has a 52-week low of $72.88 and a 52-week high of $101.17. The company’s 50-day moving average is $81.44.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Plexus by 5.3% in the fourth quarter. BlackRock Inc. now owns 4,410,139 shares of the technology company’s stock valued at $422,888,000 after acquiring an additional 220,050 shares during the period. Vident Investment Advisory LLC boosted its stake in Plexus by 3.9% during the fourth quarter. Vident Investment Advisory LLC now owns 14,014 shares of the technology company’s stock worth $1,344,000 after buying an additional 521 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Plexus by 2.9% in the 4th quarter. Deutsche Bank AG now owns 20,042 shares of the technology company’s stock valued at $1,921,000 after purchasing an additional 561 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Plexus by 1.4% in the 4th quarter. California State Teachers Retirement System now owns 39,080 shares of the technology company’s stock valued at $3,747,000 after purchasing an additional 555 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Plexus by 0.8% in the 4th quarter. Parametric Portfolio Associates LLC now owns 105,876 shares of the technology company’s stock valued at $10,152,000 after purchasing an additional 878 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.
PLXS has been the subject of several research reports. Needham & Company LLC cut their target price on shares of Plexus from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 28th. StockNews.com assumed coverage on shares of Plexus in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet cut shares of Plexus from a “b” rating to a “c+” rating in a research note on Thursday, February 24th. Finally, Zacks Investment Research upgraded shares of Plexus from a “strong sell” rating to a “hold” rating and set a $88.00 target price on the stock in a research note on Wednesday, March 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Plexus has an average rating of “Buy” and an average price target of $98.12.
Plexus Company Profile (Get Rating)
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 to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
- Get a free copy of the StockNews.com research report on Plexus (PLXS)
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