Plexus (NASDAQ:PLXS) Updates Q1 Earnings Guidance

Plexus (NASDAQ:PLXS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.52-$1.67 for the period, compared to the consensus EPS estimate of $1.54. The company issued revenue guidance of $960 million to $1.0 billion, compared to the consensus revenue estimate of $1.03 billion. Plexus also updated its Q1 2025 guidance to 1.520-1.670 EPS.

Analyst Upgrades and Downgrades

PLXS has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on shares of Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp started coverage on shares of Plexus in a research note on Tuesday. They issued a “sector weight” rating for the company. Finally, Benchmark restated a “buy” rating and set a $150.00 price objective on shares of Plexus in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $129.75.

Plexus Stock Performance

NASDAQ:PLXS opened at $141.19 on Friday. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 35.56 and a beta of 0.89. The business has a 50 day moving average of $130.82 and a 200 day moving average of $116.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 0.64. Plexus has a 1-year low of $88.57 and a 1-year high of $153.60.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a net margin of 2.82% and a return on equity of 9.64%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. On average, sell-side analysts predict that Plexus will post 3.74 earnings per share for the current fiscal year.

Insider Transactions at Plexus

In related news, insider Steven J. Frisch sold 6,565 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.11, for a total transaction of $841,042.15. Following the completion of the sale, the insider now directly owns 36,118 shares in the company, valued at $4,627,076.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Steven J. Frisch sold 6,565 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $128.11, for a total transaction of $841,042.15. Following the completion of the sale, the insider now directly owns 36,118 shares in the company, valued at $4,627,076.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd P. Kelsey sold 3,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $128.40, for a total transaction of $385,200.00. Following the sale, the chief executive officer now directly owns 93,682 shares of the company’s stock, valued at $12,028,768.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,113 shares of company stock worth $2,541,394. Company insiders own 2.39% of the company’s stock.

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.