FY2025 Earnings Forecast for Plexus Issued By Zacks Research

Key Points

• Zacks Research upgraded its FY2025 earnings per share (EPS) estimate for Plexus Corp. to $6.16, increased from a previous forecast of $5.90.
• Plexus reported $1.90 EPS in its last quarterly earnings, surpassing the consensus estimate of $1.71 EPS, with revenues meeting expectations at $1.02 billion.
• The stock currently enjoys a rating of "Moderate Buy" with an average target price of $152.00, as multiple analysts have issued new ratings or price adjustments recently.

Plexus Corp. (NASDAQ:PLXS - Free Report) - Zacks Research upped their FY2025 earnings per share (EPS) estimates for shares of Plexus in a research note issued on Wednesday, August 6th. Zacks Research analyst V. Doshi now expects that the technology company will post earnings per share of $6.16 for the year, up from their previous forecast of $5.90. The consensus estimate for Plexus' current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Plexus' Q4 2025 earnings at $1.66 EPS, Q2 2026 earnings at $1.47 EPS, Q3 2026 earnings at $1.64 EPS, Q4 2026 earnings at $1.76 EPS, Q1 2027 earnings at $1.62 EPS, Q2 2027 earnings at $1.66 EPS, Q3 2027 earnings at $1.77 EPS and FY2027 earnings at $6.88 EPS.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Plexus had a return on equity of 12.33% and a net margin of 4.04%. Plexus's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS.

PLXS has been the subject of several other research reports. Needham & Company LLC cut their price objective on Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Sidoti raised Plexus from a "neutral" rating to a "buy" rating and increased their price objective for the company from $135.00 to $150.00 in a report on Friday, July 25th. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of Plexus in a report on Wednesday, June 4th. Stifel Nicolaus set a $140.00 price objective on Plexus in a report on Thursday, July 24th. Finally, Wall Street Zen raised Plexus from a "buy" rating to a "strong-buy" rating in a report on Monday, June 30th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Plexus has a consensus rating of "Moderate Buy" and an average target price of $152.00.

Plexus Trading Up 1.4%

NASDAQ PLXS opened at $129.63 on Monday. The company has a market cap of $3.50 billion, a PE ratio of 22.08 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus has a 12 month low of $103.43 and a 12 month high of $172.89. The stock has a 50 day moving average of $132.61 and a 200-day moving average of $130.77.

Institutional Investors Weigh In On Plexus

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers bought a new position in Plexus during the 2nd quarter worth $309,000. Creative Planning increased its position in Plexus by 16.4% during the 2nd quarter. Creative Planning now owns 20,142 shares of the technology company's stock worth $2,725,000 after buying an additional 2,832 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Plexus by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company's stock worth $941,000 after buying an additional 484 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in Plexus by 6.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 6,160 shares of the technology company's stock worth $834,000 after buying an additional 368 shares during the period. Finally, Bailard Inc. bought a new position in Plexus during the 2nd quarter worth $298,000. Institutional investors own 94.45% of the company's stock.

Insiders Place Their Bets

In related news, CFO Patrick John Jermain sold 2,178 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $130.42, for a total value of $284,054.76. Following the sale, the chief financial officer owned 23,459 shares in the company, valued at approximately $3,059,522.78. This represents a 8.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Running sold 646 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $130.05, for a total value of $84,012.30. Following the completion of the sale, the insider owned 630 shares in the company, valued at approximately $81,931.50. This trade represents a 50.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,710 shares of company stock worth $2,054,722 in the last quarter. Company insiders own 1.76% of the company's stock.

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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