Plexus (NASDAQ:PLXS – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.22-1.37 for the period, compared to the consensus EPS estimate of $1.09. The company issued revenue guidance of $960 million – $1 billion, compared to the consensus revenue estimate of $1.02 billion. Plexus also updated its Q3 2024 guidance to 1.220-1.370 EPS.
Plexus Trading Down 0.9 %
NASDAQ:PLXS traded down $0.91 during trading hours on Wednesday, reaching $95.67. 114,744 shares of the stock were exchanged, compared to its average volume of 117,256. Plexus has a twelve month low of $83.84 and a twelve month high of $114.06. The business has a 50-day moving average of $94.32 and a two-hundred day moving average of $98.39. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 21.34 and a beta of 1.02. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 0.15.
Plexus (NASDAQ:PLXS – Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). Plexus had a net margin of 3.08% and a return on equity of 12.16%. The business had revenue of $982.61 million during the quarter, compared to analyst estimates of $982.57 million. During the same quarter last year, the firm posted $1.49 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities analysts predict that Plexus will post 4.25 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on PLXS
Insider Activity
In other news, insider Michael J. Running sold 542 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $95.60, for a total transaction of $51,815.20. Following the transaction, the insider now directly owns 1,569 shares in the company, valued at approximately $149,996.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Plexus news, insider Michael J. Running sold 542 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $95.60, for a total transaction of $51,815.20. Following the completion of the sale, the insider now directly owns 1,569 shares in the company, valued at $149,996.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the sale, the chief executive officer now directly owns 121,310 shares of the company’s stock, valued at $11,403,140. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock valued at $3,112,875 over the last quarter. Company insiders own 2.39% 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.
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