NASDAQ:PLXS - Plexus Stock Price, News, & Analysis

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

Plexus declared that its board has initiated a share repurchase program on Wednesday, February 21st 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Plexus Corp. (NASDAQ:PLXS) posted its earnings results on Wednesday, January, 16th. The technology company reported $0.91 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.90 by $0.01. The technology company earned $765.54 million during the quarter, compared to analyst estimates of $768.32 million. Plexus had a net margin of 4.52% and a return on equity of 12.44%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. View Plexus' Earnings History.

Plexus is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Plexus.

Plexus will be holding an earnings conference call on Thursday, April 18th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8007732954.

Plexus updated its second quarter earnings guidance on Wednesday, January, 16th. The company provided EPS guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89. The company issued revenue guidance of $760-800 million, compared to the consensus revenue estimate of $784.14 million.Plexus also updated its Q2 2019 guidance to $0.80-0.90 EPS.

2 Wall Street analysts have issued 1 year price objectives for Plexus' shares. Their predictions range from $70.00 to $78.00. On average, they expect Plexus' share price to reach $74.00 in the next year. This suggests a possible upside of 20.1% from the stock's current price. 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plexus.

Headlines about PLXS stock have been trending positive recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Plexus earned a daily sentiment score of 2.4 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

Some companies that are related to Plexus include Flex (FLEX), Jabil (JBL), Sanmina (SANM), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), IEC Electronics (IEC), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Plexus investors own include salesforce.com (CRM), Workday (WDAY), Twitter (TWTR), Intel (INTC), QUALCOMM (QCOM), HP (HPQ), Arch Coal (ARCH), Micron Technology (MU), Tableau Software (DATA) and Chipotle Mexican Grill (CMG).

Plexus' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.97%), Dimensional Fund Advisors LP (8.55%), Northern Trust Corp (3.15%), Fisher Asset Management LLC (2.28%), Victory Capital Management Inc. (2.23%) and FMR LLC (2.26%). Company insiders that own Plexus stock include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Oliver K Mihm, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, 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 FMR LLC, Hodges Capital Management Inc., United Services Automobile Association, Dimensional Fund Advisors LP, Massachusetts Financial Services Co. MA, Dean Investment Associates LLC, Bank of New York Mellon Corp and TD Asset Management Inc.. Company insiders that have sold Plexus company stock in the last year include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Patrick John Jermain, Ralf R Boer, Ronnie Darroch, Stephen P Cortinovis, Steven J Frisch and Todd P Kelsey. View Insider Buying and Selling for Plexus.

PLXS stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, D. E. Shaw & Co. Inc., Thrivent Financial for Lutherans, Intrinsic Edge Capital Management LLC, Victory Capital Management Inc., BlackRock Inc., Strs Ohio and Bank of America Corp DE. 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, Scottrade, Fidelity and Charles Schwab.

One share of PLXS stock can currently be purchased for approximately $61.63.

Plexus has a market capitalization of $1.91 billion and generates $2.87 billion in revenue each year. The technology company earns $13.04 million in net income (profit) each year or $3.23 on an earnings per share basis. Plexus employs 18,000 workers across the globe.

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]