NASDAQ:PLXS - Plexus Stock Price, News, & Analysis

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

Plexus announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 21st 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Plexus Corp. (NASDAQ:PLXS) released its quarterly earnings results on Wednesday, October, 24th. The technology company reported $0.96 EPS for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.09. The technology company had revenue of $771.18 million for the quarter, compared to analyst estimates of $760.98 million. Plexus had a net margin of 0.45% and a return on equity of 11.98%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. View Plexus' Earnings History.

Plexus is scheduled to release their next quarterly earnings announcement on Wednesday, January 16th 2019. View Earnings Estimates for Plexus.

Plexus issued an update on its first quarter earnings guidance on Wednesday, October, 24th. The company provided earnings per share (EPS) guidance of $0.85-0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.88. The company issued revenue guidance of $750-790 million, compared to the consensus revenue estimate of $758.93 million.

3 analysts have issued twelve-month price objectives for Plexus' shares. Their forecasts range from $70.00 to $70.00. On average, they expect Plexus' stock price to reach $70.00 in the next year. This suggests a possible upside of 21.3% from the stock's current price. View Analyst Price Targets for Plexus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plexus.

News articles about PLXS stock have trended somewhat negative recently, InfoTrie reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plexus earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the immediate future.

Some companies that are related to Plexus include Flex (FLEX), Jabil (JBL), Sanmina (SANM), Celestica (CLS), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA), Eltek (ELTK) and IEC Electronics (IEC).

Plexus' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.28%), Dimensional Fund Advisors LP (8.48%), Franklin Resources Inc. (3.54%), FMR LLC (2.81%), Fisher Asset Management LLC (2.20%) and Victory Capital Management Inc. (2.10%). Company insiders that own Plexus stock include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Oliver K Mihm, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey and Yong Jin Lim. View Institutional Ownership Trends for Plexus.

PLXS stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., JPMorgan Chase & Co., Victory Capital Management Inc., Dimensional Fund Advisors LP, Strs Ohio, FMR LLC, Credit Suisse AG and Fisher Asset Management LLC. Company insiders that have sold Plexus company stock in the last year include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Patrick John Jermain, Ralf R Boer, Ronnie Darroch, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey and Yong Jin Lim. View Insider Buying and Selling for Plexus.

PLXS stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Massachusetts Financial Services Co. MA, Hodges Capital Management Inc., Russell Investments Group Ltd., Bank of New York Mellon Corp and State Board of Administration of Florida Retirement System. View Insider Buying and Selling for Plexus.

Shares of PLXS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PLXS stock can currently be purchased for approximately $57.70.

Plexus has a market capitalization of $1.88 billion and generates $2.87 billion in revenue each year. The technology company earns $13.04 million in net income (profit) each year or $3.23 on an earnings per share basis. Plexus employs 16,000 workers across the globe.

The official website for Plexus is http://www.plexus.com.

Plexus' mailing address is One Plexus Way, Neenah WI, 54957. The technology company can be reached via phone at 920-969-6000 or via email at [email protected]