Plexus Corp. (PLXS) Expected to Post Earnings of $0.87 Per Share
Analysts expect Plexus Corp. (NASDAQ:PLXS) to post earnings per share of $0.87 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Plexus’ earnings. The highest EPS estimate is $0.88 and the lowest is $0.86. Plexus reported earnings of $0.84 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, October 24th.
According to Zacks, analysts expect that Plexus will report full year earnings of $3.15 per share for the current year, with EPS estimates ranging from $3.14 to $3.15. For the next year, analysts anticipate that the company will post earnings of $3.81 per share, with EPS estimates ranging from $3.79 to $3.85. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Plexus.
Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 18th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). The firm had revenue of $726.39 million during the quarter, compared to analyst estimates of $721.08 million. Plexus had a negative net margin of 1.11% and a positive return on equity of 11.37%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share.
In other Plexus news, VP Ronnie Darroch sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $60.40, for a total value of $138,920.00. Following the transaction, the vice president now directly owns 9,918 shares of the company’s stock, valued at approximately $599,047.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Dean A. Foate sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the completion of the transaction, the chairman now directly owns 282,640 shares in the company, valued at $17,826,104.80. The disclosure for this sale can be found here. Insiders have sold a total of 122,830 shares of company stock worth $7,596,700 over the last three months. 3.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PLXS. Envestnet Asset Management Inc. raised its position in shares of Plexus by 281.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,224 shares of the technology company’s stock valued at $185,000 after purchasing an additional 2,378 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Plexus in the 2nd quarter valued at approximately $205,000. Jane Street Group LLC acquired a new position in shares of Plexus in the 2nd quarter valued at approximately $214,000. Koch Industries Inc. acquired a new position in shares of Plexus in the 1st quarter valued at approximately $220,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Plexus in the 1st quarter valued at approximately $244,000. 97.29% of the stock is currently owned by institutional investors.
Plexus stock traded up $1.86 during midday trading on Tuesday, hitting $55.42. 185,000 shares of the company were exchanged, compared to its average volume of 165,340. The firm has a market capitalization of $1.89 billion, a PE ratio of 16.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.11. Plexus has a fifty-two week low of $52.44 and a fifty-two week high of $66.78.
Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.
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