Plexus Corp. (NASDAQ:PLXS – Get Rating) CEO Todd P. Kelsey sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $85.02, for a total transaction of $170,040.00. Following the completion of the transaction, the chief executive officer now directly owns 125,010 shares in the company, valued at approximately $10,628,350.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Plexus stock traded down $1.10 on Friday, hitting $80.92. 107,062 shares of the company traded hands, compared to its average volume of 137,777. The stock has a market capitalization of $2.24 billion, a P/E ratio of 20.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.64 and a current ratio of 1.47. Plexus Corp. has a 52 week low of $72.88 and a 52 week high of $101.17. The business has a 50-day simple moving average of $81.55 and a 200 day simple moving average of $85.42.
Plexus (NASDAQ:PLXS – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $888.70 million for the quarter, compared to analysts’ expectations of $839.76 million. Plexus had a net margin of 3.31% and a return on equity of 11.05%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. Research analysts expect that Plexus Corp. will post 4.1 earnings per share for the current year.
Several brokerages have weighed in on PLXS. Zacks Investment Research raised shares of Plexus from a “strong sell” rating to a “hold” rating and set a $88.00 price target on the stock in a report on Wednesday, March 30th. TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a report on Thursday, February 24th. Needham & Company LLC lowered their price target on shares of Plexus from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 28th. Finally, StockNews.com began coverage on shares of Plexus in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently 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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