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

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

Plexus declared that its Board of Directors has approved a stock buyback program on Wednesday, February 21st 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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

Plexus is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Plexus.

Plexus updated its second quarter earnings guidance on Wednesday, January, 16th. The company provided earnings per share (EPS) guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus 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 targets for Plexus' stock. Their forecasts range from $70.00 to $70.00. On average, they expect Plexus' share price to reach $70.00 in the next year. This suggests a possible upside of 18.5% 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 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plexus.

News articles about PLXS stock have been trending somewhat positive recently, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Plexus earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several 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).

Plexus' stock is owned by a number of of institutional and retail 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 Thrivent Financial for Lutherans (2.00%). 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 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, TD Asset Management Inc. and Barclays PLC. 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 D. E. Shaw & Co. Inc., Thrivent Financial for Lutherans, Intrinsic Edge Capital Management LLC, Victory Capital Management Inc., BlackRock Inc., Strs Ohio, Bank of America Corp DE and Citigroup Inc.. 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 $59.05.

Plexus has a market capitalization of $1.83 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]