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NASDAQ:PLXS

Plexus - PLXS Stock Forecast, Price & News

$95.71
+0.80 (+0.84%)
(As of 08/11/2022 04:35 PM ET)
Add
Compare
Today's Range
$94.75
$96.00
50-Day Range
$75.73
$94.91
52-Week Range
$72.88
$99.11
Volume
85,768 shs
Average Volume
131,449 shs
Market Capitalization
$2.65 billion
P/E Ratio
22.47
Dividend Yield
N/A
Price Target
$99.50

Plexus MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.4% Upside
$99.50 Price Target
Short Interest
Healthy
3.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.02mentions of Plexus in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$2.72 M Sold Last Quarter
Proj. Earnings Growth
23.65%
From $4.44 to $5.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Computer And Technology Sector

493rd out of 658 stocks

Printed Circuit Boards Industry

7th out of 9 stocks

PLXS stock logo

About Plexus (NASDAQ:PLXS) Stock

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.

Analysts Set New Price Targets

Several brokerages have recently commented on PLXS. Benchmark initiated coverage on Plexus in a report on Wednesday, July 27th. They set a "buy" rating and a $98.00 price objective for the company. Raymond James upgraded Plexus from a "market perform" rating to an "outperform" rating and set a $100.00 target price for the company in a research note on Tuesday, June 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $99.50.

Plexus Stock Performance

PLXS Stock traded up $0.63 during midday trading on Thursday, reaching $95.54. The stock had a trading volume of 3,648 shares, compared to its average volume of 123,746. The stock has a market cap of $2.65 billion, a PE ratio of 22.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.43. The firm has a fifty day simple moving average of $83.30 and a two-hundred day simple moving average of $81.86. Plexus has a 52-week low of $72.88 and a 52-week high of $99.11.

Plexus (NASDAQ:PLXS - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $981.00 million for the quarter, compared to the consensus estimate of $906.32 million. Plexus had a return on equity of 11.79% and a net margin of 3.43%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. As a group, equities research analysts anticipate that Plexus will post 4.44 EPS for the current year.

Insiders Place Their Bets

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 550 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $83.92, for a total transaction of $46,156.00. Following the sale, the chief accounting officer now directly owns 32,210 shares of the company's stock, valued at approximately $2,703,063.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Todd P. Kelsey sold 2,000 shares of the firm's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $81.82, for a total transaction of $163,640.00. Following the sale, the chief executive officer now directly owns 123,010 shares in the company, valued at approximately $10,064,678.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 550 shares of the firm's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $83.92, for a total value of $46,156.00. Following the sale, the chief accounting officer now owns 32,210 shares in the company, valued at $2,703,063.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,272 shares of company stock valued at $2,724,375. Company insiders own 2.17% of the company's stock.

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PLXS Stock News Headlines

Brokerages Set Plexus Corp. (NASDAQ:PLXS) PT at $99.50
Plexus: Fiscal Q3 Earnings Snapshot
Plexus Q3 Profit Beats View
Plexus (PLXS) Q3 Earnings and Revenues Top Estimates
See More Headlines
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PLXS Company Calendar

Last Earnings
7/27/2022
Today
8/11/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
10/26/2022

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
Electronic Manufacturing Services
Current Symbol
NASDAQ:PLXS
CUSIP
72913210
Employees
19,200
Year Founded
1979

Price Target and Rating

Average Stock Price Forecast
$99.50
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+4.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$138.91 million
Pretax Margin
3.99%

Debt

Sales & Book Value

Annual Sales
$3.37 billion
Cash Flow
$7.43 per share
Book Value
$38.19 per share

Miscellaneous

Free Float
27,111,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
1.14

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PLXS Stock - Frequently Asked Questions

Should I buy or sell Plexus stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLXS shares.
View PLXS analyst ratings
or view top-rated stocks.

What is Plexus' stock price forecast for 2022?

4 Wall Street analysts have issued twelve-month price objectives for Plexus' shares. Their PLXS share price forecasts range from $90.00 to $110.00. On average, they expect the company's stock price to reach $99.50 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for PLXS
or view top-rated stocks among Wall Street analysts.

How have PLXS shares performed in 2022?

Plexus' stock was trading at $95.89 at the beginning of 2022. Since then, PLXS stock has decreased by 0.1% and is now trading at $95.84.
View the best growth stocks for 2022 here
.

When is Plexus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PLXS earnings forecast
.

How were Plexus' earnings last quarter?

Plexus Corp. (NASDAQ:PLXS) issued its earnings results on Wednesday, July, 27th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.23. The technology company had revenue of $981 million for the quarter, compared to the consensus estimate of $906.32 million. Plexus had a trailing twelve-month return on equity of 11.79% and a net margin of 3.43%. The firm's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share.

What guidance has Plexus issued on next quarter's earnings?

Plexus updated its fourth quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.19-$1.35 for the period, compared to the consensus EPS estimate of $1.19. The company issued revenue guidance of $980.00M-$1.02 billion, compared to the consensus revenue estimate of $941.00 million.

What is Todd Kelsey's approval rating as Plexus' CEO?

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.

What other stocks do shareholders of Plexus own?

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).

What is Plexus' stock symbol?

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

Who are Plexus' major shareholders?

Plexus' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (3.75%), Cooke & Bieler LP (3.11%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.89%), William Blair Investment Management LLC (1.70%), Principal Financial Group Inc. (0.63%) and Chartwell Investment Partners LLC (0.59%). Insiders that own company stock include Angelo Michael Ninivaggi Jr, David J Drury, 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.
View institutional ownership trends
.

How do I buy shares of Plexus?

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.
Compare Top Brokerages Here.

What is Plexus' stock price today?

One share of PLXS stock can currently be purchased for approximately $95.84.

How much money does Plexus make?

Plexus (NASDAQ:PLXS) has a market capitalization of $2.66 billion and generates $3.37 billion in revenue each year. The technology company earns $138.91 million in net income (profit) each year or $4.26 on an earnings per share basis.

How many employees does Plexus have?

The company employs 19,200 workers across the globe.

Does Plexus have any subsidiaries?

The following companies are subsidiares of Plexus: MCMS Inc., PTL Information Technology Services Corp., Plexus (Hangzhou) Co. Ltd., Plexus (Thailand) Co. Ltd., Plexus (Xiamen) Co. Ltd., Plexus Aerospace Defense and Security Services LLC, Plexus Asia Ltd., Plexus Corp. (UK) Limited, Plexus Corp. Limited, Plexus Corp. Services (UK) Limited, Plexus Deutschland GmbH, Plexus Electronica S. de R.L. de C.V., Plexus Global Holdings Limited, Plexus International Services Inc., Plexus Intl. Sales & Logistics LLC, Plexus Management Services Corporation, Plexus Manufacturing Sdn. Bhd., Plexus QS LLC, Plexus Services Americas S. de R.L. de C.V., Plexus Services RO S.R.L., Qtron Inc., Shure, and e2E Corp.
Read More

When was Plexus founded?

Plexus was founded in 1979.

How can I contact Plexus?

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.

This page (NASDAQ:PLXS) was last updated on 8/11/2022 by MarketBeat.com Staff

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