Plexus (PLXS) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PLXS shares.
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4 Wall Street research analysts have issued twelve-month price targets for Plexus' shares. Their PLXS share price forecasts range from $86.00 to $116.00. On average, they anticipate the company's stock price to reach $106.80 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
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Plexus' stock was trading at $102.93 on January 1st, 2023. Since then, PLXS stock has decreased by 11.6% and is now trading at $90.99.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Plexus Corp. (NASDAQ:PLXS) released its earnings results on Wednesday, July, 26th. The technology company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.17. The technology company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Plexus had a trailing twelve-month return on equity of 14.79% and a net margin of 3.46%.

ETFs with the largest weight of Plexus (NASDAQ:PLXS) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap Momentum ETF (XSMO), Syntax Stratified SmallCap ETF (SSLY), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT) and SPDR S&P 600 Small Cap Growth ETF (SLYG).SPDR S&P 600 Small Cap ETF (SLY).

Plexus issued an update on its fourth quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $1.18-$1.36 for the period, compared to the consensus earnings per share estimate of $1.37. The company issued revenue guidance of $1.00 billion-$1.04 billion, compared to the consensus revenue estimate of $1.07 billion.

80 employees have rated Plexus Chief Executive Officer Todd Kelsey on Glassdoor.com. Todd Kelsey has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plexus investors own include Bristol-Myers Squibb (BMY), Pfizer (PFE), Walgreens Boots Alliance (WBA), Berry Global Group (BERY), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), Teledyne FLIR (FLIR), First Solar (FSLR) and Gilead Sciences (GILD).

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

Plexus' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.74%), Dimensional Fund Advisors LP (6.38%), State Street Corp (3.51%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.43%), Earnest Partners LLC (3.05%) and Thrivent Financial for Lutherans (2.80%). Insiders that own company stock include Angelo Michael Ninivaggi Jr, Dean A Foate, J Joel Quadracci, Michael V Schrock, Patrick John Jermain, Ronnie Darroch, Scott Theune, Steven J Frisch, Todd P Kelsey and Yong Jin Lim.
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Shares of PLXS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLXS stock can currently be purchased for approximately $90.99.

Plexus (NASDAQ:PLXS) has a market capitalization of $2.50 billion and generates $3.81 billion in revenue each year. The technology company earns $138.24 million in net income (profit) each year or $5.28 on an earnings per share basis.

The company employs 25,000 workers across the globe.

Plexus' mailing address is One Plexus Way, Neenah WI, 54957. The official website for the company is www.plexus.com. The technology company can be reached via phone at (920) 969-6000, via email at heather.beresford@plexus.com, or via fax at 920-751-5395.