NASDAQ:PLXS - Plexus Stock Price, News & Analysis

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

Plexus declared that its board has initiated a share buyback plan on Wednesday, February 21st 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Plexus Corp. (NASDAQ:PLXS) announced its quarterly earnings results on Wednesday, July, 17th. The technology company reported $0.81 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.81. The technology company earned $799.64 million during the quarter, compared to analysts' expectations of $783.30 million. Plexus had a return on equity of 12.40% and a net margin of 4.62%. The business's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. View Plexus' Earnings History.

Plexus is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Plexus.

Plexus issued an update on its fourth quarter 2019 earnings guidance on Wednesday, July, 17th. The company provided earnings per share (EPS) guidance of $0.81-0.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. The company issued revenue guidance of $760-800 million, compared to the consensus revenue estimate of $813.22 million.

2 brokers have issued 1-year target prices for Plexus' shares. Their forecasts range from $72.00 to $72.00. On average, they expect Plexus' stock price to reach $72.00 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price. View Analyst Price Targets for Plexus.

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

Media coverage about PLXS stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. 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 daily sentiment score of 2.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the immediate future. View News Stories for Plexus.

Plexus saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,109,000 shares, an increase of 16.6% from the June 30th total of 951,000 shares. Based on an average trading volume of 172,200 shares, the days-to-cover ratio is currently 6.4 days. Approximately 3.7% of the shares of the stock are short sold. View Plexus' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Plexus investors own include Berry Global Group (BERY), Bristol-Myers Squibb (BMY), salesforce.com (CRM), Crest Nicholson (CRST), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), Walgreens Boots Alliance (WBA), Twitter (TWTR) and Celgene (CELG).

Plexus' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.20%), BlackRock Inc. (15.20%), Vanguard Group Inc. (11.00%), Silvercrest Asset Management Group LLC (3.75%), Northern Trust Corp (3.48%) and Fisher Asset Management LLC (2.29%). 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 Victory Capital Management Inc., BlackRock Inc., BlackRock Inc., Vanguard Group Inc., Los Angeles Capital Management & Equity Research Inc., Fisher Asset Management LLC, Strs Ohio and TD Asset Management Inc.. Company insiders that have sold Plexus company stock in the last year include Angelo Michael Ninivaggi Jr, Dean A Foate, Michael V Schrock, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, Stephen P Cortinovis and Todd P Kelsey. View Insider Buying and Selling for Plexus.

PLXS stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Silvercrest Asset Management Group LLC, Scout Investments Inc., Morgan Stanley, Northern Trust Corp, Invesco Ltd., BNP PARIBAS ASSET MANAGEMENT Holding S.A. and Carillon Tower Advisers Inc.. 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 $55.94.

Plexus has a market capitalization of $1.64 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 18,000 workers across the globe.View Additional Information About Plexus.

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]