Zacks Research Issues Negative Forecast for Plexus Earnings

Plexus Corp. (NASDAQ:PLXS - Free Report) - Analysts at Zacks Research cut their FY2025 earnings per share (EPS) estimates for Plexus in a note issued to investors on Tuesday, July 1st. Zacks Research analyst V. Doshi now expects that the technology company will post earnings per share of $5.90 for the year, down from their prior forecast of $5.93. The consensus estimate for Plexus' current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Plexus' Q2 2026 earnings at $1.51 EPS, FY2026 earnings at $6.48 EPS, Q1 2027 earnings at $1.73 EPS and Q3 2027 earnings at $1.98 EPS.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.12. The firm had revenue of $980.17 million during the quarter, compared to analyst estimates of $980.07 million. Plexus had a return on equity of 11.17% and a net margin of 3.60%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share.

Several other analysts also recently issued reports on the stock. Wall Street Zen raised shares of Plexus from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 30th. Needham & Company LLC reissued a "buy" rating and set a $162.00 price objective (down from $172.00) on shares of Plexus in a report on Friday, April 25th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of Plexus in a report on Wednesday, June 4th. Finally, Stifel Nicolaus set a $145.00 price objective on shares of Plexus in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Plexus has an average rating of "Moderate Buy" and a consensus target price of $155.67.

Plexus Price Performance

Shares of Plexus stock traded down $0.24 during trading on Friday, reaching $139.77. 5,353 shares of the stock traded hands, compared to its average volume of 169,671. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 27.21 and a beta of 0.80. The business has a fifty day simple moving average of $131.59 and a two-hundred day simple moving average of $136.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.71. Plexus has a 52-week low of $102.00 and a 52-week high of $172.89.

Insider Activity

In other news, CFO Patrick John Jermain sold 4,328 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $132.29, for a total transaction of $572,551.12. Following the sale, the chief financial officer directly owned 25,637 shares of the company's stock, valued at $3,391,518.73. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Running sold 646 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $130.05, for a total transaction of $84,012.30. Following the sale, the insider directly owned 630 shares in the company, valued at $81,931.50. This trade represents a 50.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,032 shares of company stock valued at $1,582,222. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLXS. American Century Companies Inc. lifted its position in Plexus by 72.2% during the fourth quarter. American Century Companies Inc. now owns 544,017 shares of the technology company's stock valued at $85,128,000 after purchasing an additional 228,027 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Plexus by 120.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company's stock valued at $44,655,000 after purchasing an additional 190,360 shares during the period. Nuveen LLC acquired a new position in Plexus during the first quarter valued at $22,975,000. GAMMA Investing LLC lifted its position in Plexus by 19,069.1% during the first quarter. GAMMA Investing LLC now owns 170,797 shares of the technology company's stock valued at $21,884,000 after purchasing an additional 169,906 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 valued at $40,501,000 after purchasing an additional 154,003 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.