Plexus Corp. (NASDAQ:PLXS – Get Rating) CFO Patrick John Jermain sold 2,385 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $82.49, for a total value of $196,738.65. Following the completion of the transaction, the chief financial officer now directly owns 47,934 shares in the company, valued at $3,954,075.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Plexus stock opened at $81.52 on Friday. The company has a market capitalization of $2.29 billion, a PE ratio of 21.01 and a beta of 1.10. Plexus Corp. has a 1-year low of $72.88 and a 1-year high of $101.17. The business has a 50-day moving average of $81.40 and a 200-day moving average of $85.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 0.64.
Plexus (NASDAQ:PLXS – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The business had revenue of $888.70 million during the quarter, compared to the consensus estimate of $839.76 million. Plexus had a return on equity of 11.05% and a net margin of 3.31%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. On average, equities analysts expect that Plexus Corp. will post 4.1 earnings per share for the current fiscal year.
PLXS has been the topic of several research reports. Zacks Investment Research raised Plexus from a “strong sell” rating to a “hold” rating and set a $88.00 price objective on the stock in a research report on Wednesday, March 30th. StockNews.com assumed coverage on Plexus in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Needham & Company LLC lowered their target price on Plexus from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 28th. Finally, TheStreet downgraded Plexus from a “b” rating to a “c+” rating in a research note on Thursday, February 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Plexus presently has an average rating of “Buy” and an average target price 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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