Zacks Research Forecasts Plexus’ Q4 Earnings (NASDAQ:PLXS)

Plexus Corp. (NASDAQ:PLXS) – Investment analysts at Zacks Research reduced their Q4 2026 earnings per share (EPS) estimates for shares of Plexus in a report released on Wednesday, May 7th. Zacks Research analyst V. Doshi now forecasts that the technology company will earn $1.72 per share for the quarter, down from their previous forecast of $1.90. The consensus estimate for Plexus’ current full-year earnings is $5.90 per share.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.54 by $0.12. Plexus had a return on equity of 10.36% and a net margin of 3.03%. The business had revenue of $980.17 million during the quarter, compared to analysts’ expectations of $980.07 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on PLXS. Benchmark lowered their price objective on Plexus from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Stifel Nicolaus set a $145.00 price objective on Plexus in a research report on Thursday, April 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $162.00 target price (down from $172.00) on shares of Plexus in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Plexus has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

Plexus Stock Down 0.3 %

PLXS stock opened at $126.14 on Friday. Plexus has a one year low of $100.96 and a one year high of $172.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The company has a fifty day moving average of $124.03 and a 200-day moving average of $143.37. The stock has a market capitalization of $3.41 billion, a PE ratio of 29.27 and a beta of 0.80.

Hedge Funds Weigh In On Plexus

Several hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new stake in Plexus during the 4th quarter worth about $107,489,000. American Century Companies Inc. grew its holdings in shares of Plexus by 72.2% during the fourth quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock worth $85,128,000 after buying an additional 228,027 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Plexus by 19,069.1% in the first quarter. GAMMA Investing LLC now owns 170,797 shares of the technology company’s stock valued at $21,884,000 after buying an additional 169,906 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Plexus during the fourth quarter valued at approximately $24,747,000. Finally, JPMorgan Chase & Co. boosted its position in Plexus by 146.9% during the fourth quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company’s stock worth $40,501,000 after acquiring an additional 154,003 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity

In other news, CEO Todd P. Kelsey sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the chief executive officer now directly owns 87,665 shares in the company, valued at $12,273,100. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank Zycinski sold 1,200 shares of Plexus stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $140.84, for a total value of $169,008.00. Following the transaction, the insider now owns 723 shares of the company’s stock, valued at $101,827.32. This represents a 62.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,337 shares of company stock worth $746,924 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Plexus Company Profile

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.