Plexus - PLXS Stock Forecast, Price & News

5 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLXS shares.
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5 Wall Street research analysts have issued 1 year price targets for Plexus' shares. Their PLXS share price forecasts range from $86.00 to $116.00. On average, they anticipate the company's share price to reach $107.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Plexus' stock was trading at $102.93 at the start of the year. Since then, PLXS shares have decreased by 8.0% and is now trading at $94.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PLXS earnings forecast.

Plexus Corp. (NASDAQ:PLXS) released its quarterly earnings results on Wednesday, January, 25th. The technology company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.02. The technology company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. Plexus had a trailing twelve-month return on equity of 14.45% and a net margin of 3.84%. The business's revenue for the quarter was up 33.8% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share.

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), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Syntax Stratified SmallCap ETF (SSLY) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

Plexus issued an update on its second quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of $1.06-$1.24 for the period, compared to the consensus estimate of $1.40. The company issued revenue guidance of $1.02 billion-$1.07 billion, compared to the consensus revenue estimate of $1.10 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 institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.64%), Fiduciary Management Inc. WI (4.10%), Earnest Partners LLC (3.86%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.45%), Victory Capital Management Inc. (2.91%) and Victory Capital Management Inc. (2.91%). 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, Stephen P Cortinovis, 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 $94.74.

Plexus (NASDAQ:PLXS) has a market capitalization of $2.62 billion and generates $3.81 billion in revenue each year. The technology company earns $138.24 million in net income (profit) each year or $5.55 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.