Plexus - PLXS Stock Forecast, Price & News

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.

Plexus Stock Performance

NASDAQ:PLXS opened at $94.50 on Friday. The company has a market cap of $2.62 billion, a P/E ratio of 22.18 and a beta of 1.14. Plexus has a twelve month low of $72.88 and a twelve month high of $99.11. The company's 50-day moving average price is $83.74 and its 200-day moving average price is $82.10. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

Plexus (NASDAQ:PLXS - Get Rating) last released its earnings results on Wednesday, July 27th. The technology company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.23. The business had revenue of $981.00 million for the quarter, compared to analyst estimates of $906.32 million. Plexus had a net margin of 3.43% and a return on equity of 11.79%. The business's revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, sell-side analysts forecast that Plexus will post 4.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLXS has been the subject of a number of research analyst reports. Benchmark initiated coverage on shares of Plexus in a research report on Wednesday, July 27th. They set a "buy" rating and a $98.00 price objective for the company. Raymond James upgraded shares of Plexus from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a research report on Tuesday, June 7th. Finally, JPMorgan Chase & Co. cut Plexus from a "neutral" rating to an "underweight" rating and set a $85.00 price objective on the stock. in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $96.60.

Insiders Place Their Bets

In other Plexus news, insider Scott Theune sold 1,678 shares of the firm's stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $83.04, for a total value of $139,341.12. Following the completion of the sale, the insider now directly owns 7,500 shares of the company's stock, valued at approximately $622,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Steven J. Frisch sold 3,564 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $93.79, for a total value of $334,267.56. Following the transaction, the insider now directly owns 53,102 shares in the company, valued at $4,980,436.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Theune sold 1,678 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $83.04, for a total value of $139,341.12. Following the completion of the transaction, the insider now owns 7,500 shares of the company's stock, valued at $622,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,272 shares of company stock valued at $3,105,665. Insiders own 2.17% of the company's stock.