Analysts expect Plexus Corp. (NASDAQ:PLXS) to report $690.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Plexus’ earnings, with the lowest sales estimate coming in at $690.00 million and the highest estimate coming in at $691.30 million. Plexus reported sales of $604.35 million during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is scheduled to announce its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Plexus will report full-year sales of $690.73 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.82 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.01 billion per share, with estimates ranging from $2.98 billion to $3.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Plexus.
Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.05). The firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $685.07 million. Plexus had a positive return on equity of 11.24% and a negative net margin of 0.57%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS.
Plexus (PLXS) traded up $0.02 during mid-day trading on Monday, reaching $59.16. The company’s stock had a trading volume of 154,741 shares, compared to its average volume of 183,351. The company has a quick ratio of 1.08, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. The company has a market cap of $1,990.00, a PE ratio of -116.00 and a beta of 0.86. Plexus has a 1 year low of $49.06 and a 1 year high of $66.78.
In related news, Director Michael V. Schrock sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $63.04, for a total value of $630,400.00. Following the transaction, the director now owns 28,298 shares in the company, valued at $1,783,905.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ronnie Darroch sold 5,900 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $59.03, for a total value of $348,277.00. The disclosure for this sale can be found here. Insiders sold 64,650 shares of company stock worth $4,057,561 in the last 90 days. 3.70% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Suntrust Banks Inc. increased its position in shares of Plexus by 1.3% in the second quarter. Suntrust Banks Inc. now owns 5,440 shares of the technology company’s stock worth $285,000 after purchasing an additional 69 shares during the period. PNC Financial Services Group Inc. boosted its stake in Plexus by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 6,228 shares of the technology company’s stock valued at $328,000 after buying an additional 92 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Plexus by 0.7% in the second quarter. Wells Fargo & Company MN now owns 34,733 shares of the technology company’s stock valued at $1,825,000 after buying an additional 249 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Plexus by 5.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the technology company’s stock valued at $874,000 after buying an additional 800 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in Plexus by 2.7% in the third quarter. Vident Investment Advisory LLC now owns 40,472 shares of the technology company’s stock valued at $2,270,000 after buying an additional 1,061 shares in the last quarter. Institutional investors own 93.70% of the company’s stock.
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Plexus Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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