Plexus Corp. (PLXS) Set to Announce Earnings on Thursday
Plexus Corp. (NASDAQ:PLXS) will post its Q413 quarterly earnings results on Thursday, October 24th. Analysts expect Plexus Corp. to post earnings of $0.67 per share and revenue of $562.81 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at 39.31 on Wednesday. Plexus Corp. has a 52-week low of $19.63 and a 52-week high of $36.13. The stock’s 50-day moving average is $34.55 and its 200-day moving average is $29.36. The company has a market cap of $1.327 billion and a price-to-earnings ratio of 23.02.
A number of analysts have recently weighed in on PLXS shares. Analysts at Longbow Research downgraded shares of Plexus Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a $40.00 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Plexus Corp. in a research note to investors on Wednesday, October 2nd. They set a “buy” rating and a $42.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Plexus Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 30th. They now have a $44.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Plexus Corp. presently has an average rating of “Hold” and a consensus target price of $36.13.
In other Plexus Corp. news, VP Steven Frisch sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $38.73, for a total value of $116,190.00. Following the completion of the transaction, the vice president now directly owns 17,535 shares in the company, valued at approximately $679,131. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
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