Plexus Corp. (PLXS) Insider Patrick John Jermain Sells 4,150 Shares
Plexus Corp. (NASDAQ:PLXS) insider Patrick John Jermain sold 4,150 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $61.20, for a total transaction of $253,980.00. Following the transaction, the insider now directly owns 14,204 shares in the company, valued at $869,284.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Plexus Corp. (NASDAQ:PLXS) traded down $0.09 on Wednesday, reaching $60.99. 118,700 shares of the company’s stock traded hands, compared to its average volume of 175,059. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market cap of $2,043.98, a PE ratio of 18.85 and a beta of 0.90. Plexus Corp. has a 1-year low of $49.06 and a 1-year high of $62.56.
Plexus Corp. (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The business had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $676.23 million. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. research analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on PLXS. BidaskClub downgraded shares of Plexus Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded 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 stock a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 target price (up from $50.00) on shares of Plexus Corp. in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co raised shares of Plexus Corp. from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.86.
Plexus Corp. Company Profile
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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