Plexus (NASDAQ:PLXS) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.68-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.82. The company issued revenue guidance of $670-$710 million, compared to the consensus revenue estimate of $693.60 million.

A number of brokerages have issued reports on PLXS. ValuEngine raised Plexus from a hold rating to a buy rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. lowered Plexus from an overweight rating to a neutral rating and set a $62.00 price target for the company. in a research note on Tuesday, October 10th. Longbow Research raised Plexus from a neutral rating to a buy rating in a research note on Monday, January 8th. Zacks Investment Research lowered Plexus from a hold rating to a sell rating in a research note on Monday, October 30th. Finally, Citigroup increased their price target on Plexus from $59.00 to $65.00 and gave the company a neutral rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Plexus has a consensus rating of Hold and a consensus target price of $57.86.

Shares of Plexus (NASDAQ:PLXS) opened at $64.36 on Thursday. Plexus has a 52-week low of $49.06 and a 52-week high of $66.78. The company has a market capitalization of $2,145.53, a price-to-earnings ratio of 19.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Plexus had a net margin of 4.43% and a return on equity of 11.48%. The company had revenue of $677.00 million for the quarter, compared to analyst estimates of $685.07 million. During the same quarter last year, the company posted $0.82 EPS. Plexus’s revenue was up 6.6% on a year-over-year basis. sell-side analysts forecast that Plexus will post 3.41 earnings per share for the current fiscal year.

In other news, Chairman Dean A. Foate sold 1,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.38, for a total transaction of $60,380.00. Following the completion of the sale, the chairman now owns 288,920 shares in the company, valued at approximately $17,444,989.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yong Jin Lim sold 10,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the sale, the insider now owns 58,890 shares of the company’s stock, valued at approximately $3,714,192.30. The disclosure for this sale can be found here. Insiders have sold a total of 205,696 shares of company stock valued at $12,706,971 in the last quarter. Insiders own 3.70% of the company’s stock.

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About Plexus

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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