Plexus (PLXS) Stock Forecast, Price & News

5 Wall Street 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 analysts is that investors should "buy" PLXS shares.
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5 equities research analysts have issued twelve-month target prices for Plexus' shares. Their PLXS share price forecasts range from $86.00 to $116.00. On average, they predict the company's stock price to reach $107.00 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
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Plexus' stock was trading at $102.93 on January 1st, 2023. Since then, PLXS shares have decreased by 9.4% and is now trading at $93.28.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Plexus Corp. (NASDAQ:PLXS) released its quarterly earnings data on Wednesday, April, 26th. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.29. The technology company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Plexus had a net margin of 4.00% and a trailing twelve-month return on equity of 15.24%. The firm's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS.

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), Syntax Stratified SmallCap ETF (SSLY), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and SPDR S&P SmallCap 600 ESG ETF (ESIX).

Plexus issued an update on its third quarter earnings guidance on Thursday, May, 18th. The company provided earnings per share guidance of $1.05-1.23 for the period, compared to the consensus estimate of $1.16. The company issued revenue guidance of $1.00-1.05 billion, compared to the consensus revenue estimate of $1.02 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.85%), Dimensional Fund Advisors LP (6.39%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.47%), State Street Corp (3.46%), Victory Capital Management Inc. (2.72%) and Silvercrest Asset Management Group LLC (2.23%). 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, 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 $93.28.

Plexus (NASDAQ:PLXS) has a market capitalization of $2.57 billion and generates $3.81 billion in revenue each year. The technology company earns $138.24 million in net income (profit) each year or $6.05 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.