Plexus Corp. (NASDAQ:PLXS – Get Free Report) Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $128.02, for a total value of $64,010.00. Following the transaction, the director now directly owns 9,586 shares in the company, valued at approximately $1,227,199.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Plexus Trading Down 0.7 %
NASDAQ:PLXS opened at $122.12 on Friday. The firm has a market cap of $3.33 billion, a P/E ratio of 33.73 and a beta of 0.89. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $118.39 and its 200-day simple moving average is $106.41. Plexus Corp. has a 12-month low of $87.21 and a 12-month high of $132.46.
Plexus (NASDAQ:PLXS – Get Free Report) last released its earnings results on Wednesday, July 24th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. The business had revenue of $960.70 million for the quarter, compared to analyst estimates of $981.32 million. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 earnings per share. Equities analysts anticipate that Plexus Corp. will post 3.74 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Benchmark lifted their price target on Plexus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC lifted their price target on Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Plexus has an average rating of “Hold” and an average price target of $124.00.
Get Our Latest Stock Report on PLXS
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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