Zacks Research Forecasts Plexus’ Q1 Earnings (NASDAQ:PLXS)

Plexus Corp. (NASDAQ:PLXS) – Analysts at Zacks Research dropped their Q1 2026 EPS estimates for Plexus in a research report issued on Wednesday, August 6th. Zacks Research analyst V. Doshi now expects that the technology company will post earnings of $1.56 per share for the quarter, down from their previous forecast of $1.60. The consensus estimate for Plexus’ current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Plexus’ FY2026 earnings at $6.42 EPS.

Several other analysts have also recently commented on the stock. Needham & Company LLC reduced their price objective on shares of Plexus from $162.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Stifel Nicolaus set a $140.00 price objective on shares of Plexus in a research report on Thursday, July 24th. Wall Street Zen raised shares of Plexus from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 30th. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $150.00 in a research report on Friday, July 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of Plexus in a research report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

Plexus Stock Up 1.4%

Shares of NASDAQ PLXS opened at $129.63 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Plexus has a 52 week low of $103.43 and a 52 week high of $172.89. The firm has a 50-day moving average price of $132.61 and a 200 day moving average price of $130.93. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 22.08 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year.

Insider Buying and Selling

In other news, CEO Todd P. Kelsey sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $131.68, for a total value of $263,360.00. Following the transaction, the chief executive officer directly owned 76,714 shares in the company, valued at approximately $10,101,699.52. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Running sold 646 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $130.05, for a total transaction of $84,012.30. Following the completion of the sale, the insider directly owned 630 shares in the company, valued at approximately $81,931.50. This trade represents a 50.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,710 shares of company stock worth $2,054,722. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Plexus

Several large investors have recently bought and sold shares of the stock. Cetera Investment Advisers bought a new position in shares of Plexus during the 2nd quarter valued at about $309,000. Creative Planning boosted its position in shares of Plexus by 16.4% during the 2nd quarter. Creative Planning now owns 20,142 shares of the technology company’s stock valued at $2,725,000 after purchasing an additional 2,832 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Plexus by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock valued at $941,000 after purchasing an additional 484 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Plexus by 6.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 6,160 shares of the technology company’s stock valued at $834,000 after purchasing an additional 368 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of Plexus during the 2nd quarter valued at about $298,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Plexus

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.