Plexus - PLXS Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLXS shares.
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4 Wall Street analysts have issued 1-year price targets for Plexus' shares. Their PLXS share price forecasts range from $85.00 to $105.00. On average, they expect the company's share price to reach $95.00 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
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Plexus' stock was trading at $95.89 at the start of the year. Since then, PLXS stock has decreased by 8.9% and is now trading at $87.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Plexus Corp. (NASDAQ:PLXS) posted its quarterly earnings results on Wednesday, July, 27th. The technology company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.23. The technology company earned $981 million during 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 company's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS.

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 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.

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 many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (3.75%), State Street Corp (3.63%), Cooke & Bieler LP (3.11%), Massachusetts Financial Services Co. MA (2.98%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.89%) and William Blair Investment Management LLC (1.70%). 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.
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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 $87.40.

Plexus (NASDAQ:PLXS) has a market capitalization of $2.42 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.

The company employs 19,200 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.