Equities analysts expect Plexus Corp. (NASDAQ:PLXS) to announce $0.93 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Plexus’ earnings. Plexus reported earnings of $0.91 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The firm is expected to announce its next quarterly earnings results on Wednesday, January 15th.

On average, analysts expect that Plexus will report full year earnings of $4.09 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $4.59 per share, with EPS estimates ranging from $4.45 to $4.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Plexus.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $810.00 million for the quarter, compared to the consensus estimate of $776.02 million. Plexus had a net margin of 3.43% and a return on equity of 12.16%. Plexus’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Plexus from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research note on Monday, September 2nd. BidaskClub raised shares of Plexus from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating in a research note on Friday, October 25th.

In other news, CEO Todd P. Kelsey sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $73.42, for a total value of $293,680.00. Following the sale, the chief executive officer now directly owns 96,494 shares of the company’s stock, valued at approximately $7,084,589.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yong Jin Lim sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $72.15, for a total transaction of $1,082,250.00. Following the completion of the sale, the insider now directly owns 64,213 shares in the company, valued at $4,632,967.95. The disclosure for this sale can be found here. Insiders sold a total of 162,960 shares of company stock worth $11,819,546 over the last three months. Insiders own 3.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Scout Investments Inc. increased its stake in Plexus by 212.1% during the 2nd quarter. Scout Investments Inc. now owns 104,910 shares of the technology company’s stock worth $6,124,000 after buying an additional 71,296 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Plexus by 1.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,386 shares of the technology company’s stock worth $723,000 after buying an additional 200 shares during the period. First Trust Advisors LP purchased a new stake in Plexus during the 2nd quarter worth approximately $1,746,000. Municipal Employees Retirement System of Michigan increased its stake in Plexus by 48.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,480 shares of the technology company’s stock worth $787,000 after buying an additional 4,390 shares during the period. Finally, Tocqueville Asset Management L.P. increased its stake in Plexus by 10.0% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 125,400 shares of the technology company’s stock worth $7,320,000 after buying an additional 11,400 shares during the period. 95.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Plexus stock traded up $0.05 on Friday, reaching $74.94. The company had a trading volume of 126,300 shares, compared to its average volume of 170,496. The firm’s 50 day moving average price is $66.27 and its two-hundred day moving average price is $59.59. The firm has a market cap of $2.21 billion, a PE ratio of 21.85 and a beta of 0.96. Plexus has a 52-week low of $47.63 and a 52-week high of $76.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.97 and a current ratio of 1.78.

Plexus Company Profile

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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