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 analysts have issued 1-year price targets for Plexus' stock. Their PLXS share price forecasts range from $85.00 to $115.00. On average, they anticipate the company's stock price to reach $105.50 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
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Plexus' stock was trading at $95.89 at the beginning of the year. Since then, PLXS stock has increased by 11.7% and is now trading at $107.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our PLXS earnings forecast.

Plexus Corp. (NASDAQ:PLXS) posted its earnings results on Wednesday, October, 27th. The technology company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.21 by $0.05. The technology company earned $843.24 million during the quarter, compared to analyst estimates of $896.76 million. Plexus had a net margin of 3.63% and a trailing twelve-month return on equity of 13.22%. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share.

Plexus issued an update on its first quarter 2023 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $1.40-$1.58 for the period, compared to the consensus EPS estimate of $1.24. The company issued revenue guidance of $1.08 billion-$1.13 billion, compared to the consensus revenue estimate of $1.01 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.66%), Vanguard Group Inc. (11.60%), Disciplined Growth Investors Inc. MN (8.27%), Dimensional Fund Advisors LP (6.55%), Fiduciary Management Inc. WI (4.19%) and State Street Corp (3.63%). 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, 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 $107.13.

Plexus (NASDAQ:PLXS) has a market capitalization of $2.96 billion and generates $3.81 billion in revenue each year. The technology company earns $138.24 million in net income (profit) each year or $4.88 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.