Wall Street analysts expect that Plexus Corp. (NASDAQ:PLXS) will announce earnings per share (EPS) of $0.74 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Plexus’ earnings. The lowest EPS estimate is $0.73 and the highest is $0.75. Plexus reported earnings per share of $0.84 during the same quarter last year, which suggests a negative year-over-year growth rate of 11.9%. The business is expected to report its next quarterly earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that Plexus will report full-year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.21 to $3.30. For the next fiscal year, analysts forecast that the company will report earnings of $3.73 per share, with EPS estimates ranging from $3.70 to $3.75. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Plexus.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). The firm had revenue of $677.00 million during the quarter, compared to analyst estimates of $685.07 million. Plexus had a positive return on equity of 11.24% and a negative net margin of 0.57%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS.

A number of research analysts have weighed in on PLXS shares. BidaskClub downgraded shares of Plexus from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Longbow Research upgraded shares of Plexus from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Citigroup upped their price objective on shares of Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.17.

Shares of Plexus (PLXS) traded down $0.06 during trading on Friday, hitting $57.47. 270,294 shares of the company’s stock were exchanged, compared to its average volume of 195,259. The firm has a market capitalization of $1,938.15, a P/E ratio of -112.68 and a beta of 0.87. Plexus has a 1-year low of $49.06 and a 1-year high of $66.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.08 and a current ratio of 1.90.

In related news, VP Steven J. Frisch sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $62.99, for a total transaction of $157,475.00. Following the completion of the transaction, the vice president now owns 15,478 shares in the company, valued at approximately $974,959.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Ronnie Darroch sold 5,900 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.03, for a total transaction of $348,277.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,638 shares of company stock valued at $6,199,507. Insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Plexus by 546.1% in the 2nd quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after acquiring an additional 939,589 shares during the last quarter. BlackRock Inc. raised its holdings in Plexus by 2.6% in the 4th quarter. BlackRock Inc. now owns 4,313,584 shares of the technology company’s stock valued at $261,921,000 after acquiring an additional 107,433 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Plexus by 24.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 525,550 shares of the technology company’s stock valued at $29,473,000 after acquiring an additional 102,575 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Plexus by 37.1% in the 2nd quarter. Renaissance Technologies LLC now owns 317,200 shares of the technology company’s stock valued at $16,675,000 after acquiring an additional 85,800 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Plexus by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,310,813 shares of the technology company’s stock valued at $174,049,000 after acquiring an additional 53,925 shares during the last quarter. Hedge funds and other institutional investors own 94.07% 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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