Brokerages forecast that Plexus Corp. (NASDAQ:PLXS) will announce sales of $769.37 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Plexus’ earnings. The highest sales estimate is $771.30 million and the lowest is $767.44 million. Plexus posted sales of $677.29 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.6%. The firm is expected to report its next earnings report on Wednesday, January 16th.
According to Zacks, analysts expect that Plexus will report full year sales of $3.22 billion for the current financial year, with estimates ranging from $3.19 billion to $3.26 billion. For the next financial year, analysts anticipate that the company will report sales of $3.50 billion, with estimates ranging from $3.41 billion to $3.58 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Plexus.
Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $771.18 million for the quarter, compared to analysts’ expectations of $760.98 million. Plexus had a net margin of 0.45% and a return on equity of 11.98%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share.
Shares of NASDAQ:PLXS opened at $60.18 on Friday. The company has a market capitalization of $1.94 billion, a P/E ratio of 18.57 and a beta of 0.60. The company has a current ratio of 2.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. Plexus has a 1 year low of $52.44 and a 1 year high of $66.78.
In other Plexus news, CEO Todd P. Kelsey sold 17,050 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $59.14, for a total value of $1,008,337.00. Following the sale, the chief executive officer now owns 72,031 shares in the company, valued at $4,259,913.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $61.79, for a total transaction of $386,187.50. Following the completion of the sale, the chief accounting officer now owns 28,402 shares in the company, valued at approximately $1,754,959.58. The disclosure for this sale can be found here. Insiders sold 119,866 shares of company stock worth $7,359,429 over the last three months. 3.70% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of PLXS. Millennium Management LLC acquired a new stake in Plexus in the first quarter valued at approximately $752,000. Xact Kapitalforvaltning AB boosted its position in Plexus by 62.2% in the first quarter. Xact Kapitalforvaltning AB now owns 5,737 shares of the technology company’s stock valued at $343,000 after buying an additional 2,200 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Plexus in the first quarter valued at approximately $244,000. Principal Financial Group Inc. boosted its position in Plexus by 2.5% in the first quarter. Principal Financial Group Inc. now owns 264,205 shares of the technology company’s stock valued at $15,781,000 after buying an additional 6,506 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Plexus by 413.3% in the second quarter. Bank of Montreal Can now owns 9,466 shares of the technology company’s stock valued at $563,000 after buying an additional 7,622 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.
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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