Brokerages predict that Plexus Corp. (NASDAQ:PLXS) will report sales of $777.28 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Plexus’ earnings, with estimates ranging from $774.50 million to $780.06 million. Plexus reported sales of $698.65 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 24th.

On average, analysts expect that Plexus will report full year sales of $3.17 billion for the current year, with estimates ranging from $3.16 billion to $3.18 billion. For the next year, analysts forecast that the firm will post sales of $3.43 billion, with estimates ranging from $3.39 billion to $3.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Plexus.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, January 16th. The technology company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Plexus had a net margin of 4.52% and a return on equity of 12.44%. The company had revenue of $765.54 million during the quarter, compared to the consensus estimate of $768.32 million. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year.

A number of research firms have recently weighed in on PLXS. BidaskClub upgraded shares of Plexus from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Plexus from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, January 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Plexus has an average rating of “Hold” and a consensus price target of $66.67.

Shares of PLXS traded down $0.03 during trading hours on Monday, reaching $56.16. 147,500 shares of the stock traded hands, compared to its average volume of 209,979. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.94 and a current ratio of 1.97. Plexus has a 52-week low of $47.63 and a 52-week high of $66.49. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 17.43 and a beta of 0.76.

In other Plexus news, VP Ronnie Darroch sold 3,454 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $56.44, for a total value of $194,943.76. Following the transaction, the vice president now directly owns 8,489 shares of the company’s stock, valued at approximately $479,119.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen P. Cortinovis sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $54.03, for a total transaction of $270,150.00. Following the transaction, the director now directly owns 32,128 shares in the company, valued at $1,735,875.84. The disclosure for this sale can be found here. Insiders sold 10,954 shares of company stock valued at $616,344 in the last 90 days. Company insiders own 3.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in PLXS. Texas Permanent School Fund grew its position in Plexus by 1.5% in the fourth quarter. Texas Permanent School Fund now owns 20,591 shares of the technology company’s stock valued at $1,052,000 after acquiring an additional 309 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Plexus by 0.5% during the third quarter. Teachers Advisors LLC now owns 94,316 shares of the technology company’s stock valued at $5,518,000 after purchasing an additional 443 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Plexus by 3.8% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,146 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 735 shares during the period. Federated Investors Inc. PA acquired a new position in shares of Plexus during the third quarter valued at $92,000. Finally, Arizona State Retirement System increased its holdings in shares of Plexus by 3.6% during the fourth quarter. Arizona State Retirement System now owns 48,457 shares of the technology company’s stock valued at $2,475,000 after purchasing an additional 1,697 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

About Plexus

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. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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