NASDAQ:PLXS - Plexus Stock Price, Forecast & News

Plexus trades on the NASDAQ under the ticker symbol "PLXS."

Plexus announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 21st 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Plexus Corp. (NASDAQ:PLXS) issued its quarterly earnings data on Wednesday, October, 23rd. The technology company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The technology company had revenue of $810 million for the quarter, compared to analysts' expectations of $776.02 million. Plexus had a net margin of 3.43% and a return on equity of 12.16%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. View Plexus' Earnings History.

Plexus is scheduled to release their next quarterly earnings announcement on Wednesday, January 15th 2020. View Earnings Estimates for Plexus.

Plexus issued an update on its first quarter earnings guidance on Wednesday, October, 23rd. The company provided EPS guidance of $0.87-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.89. The company issued revenue guidance of $780-820 million, compared to the consensus revenue estimate of $784.85 million.

2 Wall Street analysts have issued twelve-month price objectives for Plexus' stock. Their forecasts range from $72.00 to $72.00. On average, they expect Plexus' stock price to reach $72.00 in the next twelve months. This suggests that the stock has a possible downside of 7.0%. View Analyst Price Targets for Plexus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plexus.

Media coverage about PLXS stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plexus earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Plexus.

Some companies that are related to Plexus include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Sanmina (SANM), Fabrinet (FN), KEMET (KEM), Methode Electronics (MEI), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Plexus investors own include Berry Global Group (BERY), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO), salesforce.com (CRM), Crest Nicholson (CRST), Intel (INTC), QUALCOMM (QCOM), Walgreens Boots Alliance (WBA), Jabil (JBL) and Twitter (TWTR).

Plexus' stock is owned by a number of of retail and institutional investors. Top institutional investors include Disciplined Growth Investors Inc. MN (9.75%), State Street Corp (3.12%), Massachusetts Financial Services Co. MA (2.42%), Fisher Asset Management LLC (2.35%), Chartwell Investment Partners LLC (1.14%) and Voya Investment Management LLC (1.10%). Company insiders that own Plexus stock include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, Scott Theune, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey and Yong Jin Lim. View Institutional Ownership Trends for Plexus.

PLXS stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, State Street Corp, Strs Ohio, Tocqueville Asset Management L.P., Scout Investments Inc., Municipal Employees Retirement System of Michigan, New York State Teachers Retirement System and Chartwell Investment Partners LLC. Company insiders that have sold Plexus company stock in the last year include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, Scott Theune, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey and Yong Jin Lim. View Insider Buying and Selling for Plexus.

PLXS stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Massachusetts Financial Services Co. MA, Disciplined Growth Investors Inc. MN, State of Alaska Department of Revenue, California Public Employees Retirement System, Russell Investments Group Ltd., Barclays PLC and Rhumbline Advisers. View Insider Buying and Selling for Plexus.

Shares of PLXS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PLXS stock can currently be purchased for approximately $77.46.

Plexus has a market capitalization of $2.26 billion and generates $3.16 billion in revenue each year. The technology company earns $108.62 million in net income (profit) each year or $3.43 on an earnings per share basis. Plexus employs 19,000 workers across the globe.View Additional Information About Plexus.

The official website for Plexus is http://www.plexus.com/.

Plexus' mailing address is One Plexus Way, Neenah WI, 54957. The technology company can be reached via phone at 920-969-6000 or via email at [email protected]