Brokerages expect that Plexus Corp. (NASDAQ:PLXS) will post $680.76 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Plexus Corp.’s earnings, with the lowest sales estimate coming in at $680.00 million and the highest estimate coming in at $681.70 million. Plexus Corp. posted sales of $653.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The firm is expected to issue its next earnings results on Wednesday, October 25th.

On average, analysts expect that Plexus Corp. will report full-year sales of $680.76 million for the current year. For the next fiscal year, analysts anticipate that the company will post sales of $2.79 billion per share, with estimates ranging from $2.79 billion to $2.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Plexus Corp..

Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $618.80 million during the quarter, compared to analyst estimates of $608.95 million. Plexus Corp. had a return on equity of 10.76% and a net margin of 4.07%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS.

Several analysts have commented on the stock. ValuEngine cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub cut shares of Plexus Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Deutsche Bank AG upped their target price on shares of Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $54.00 target price (up previously from $50.00) on shares of Plexus Corp. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Plexus Corp. currently has an average rating of “Hold” and an average price target of $57.88.

Shares of Plexus Corp. (NASDAQ:PLXS) opened at 54.25 on Wednesday. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 18.32 and a beta of 0.94. The stock’s 50 day moving average price is $51.64 and its 200 day moving average price is $53.24. Plexus Corp. has a 1-year low of $44.35 and a 1-year high of $58.74.

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In other news, insider Oliver K. Mihm sold 1,300 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $53.80, for a total value of $69,940.00. Following the completion of the transaction, the insider now owns 6,223 shares of the company’s stock, valued at approximately $334,797.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 10,350 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $49.46, for a total transaction of $511,911.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,009 shares of the company’s stock, valued at approximately $841,265.14. The disclosure for this sale can be found here. Insiders sold a total of 90,580 shares of company stock valued at $4,862,392 in the last three months. 4.30% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC grew its holdings in shares of Plexus Corp. by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock valued at $202,000 after buying an additional 31 shares during the period. 1st Global Advisors Inc. grew its holdings in shares of Plexus Corp. by 0.9% in the 1st quarter. 1st Global Advisors Inc. now owns 4,764 shares of the technology company’s stock valued at $275,000 after buying an additional 42 shares during the period. Amalgamated Bank grew its holdings in shares of Plexus Corp. by 1.4% in the 2nd quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock valued at $241,000 after buying an additional 65 shares during the period. Suntrust Banks Inc. grew its holdings in shares of Plexus Corp. by 1.3% in the 2nd quarter. Suntrust Banks Inc. now owns 5,440 shares of the technology company’s stock valued at $285,000 after buying an additional 69 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Plexus Corp. by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,228 shares of the technology company’s stock valued at $328,000 after buying an additional 92 shares during the period. 93.93% of the stock is owned by institutional investors.

About Plexus Corp.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

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