Wall Street analysts predict that Plexus Corp. (NASDAQ:PLXS) will announce sales of $684.71 million for the current quarter, according to Zacks. Three analysts have made estimates for Plexus’ earnings, with estimates ranging from $683.00 million to $685.74 million. Plexus reported sales of $635.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 17th.

According to Zacks, analysts expect that Plexus will report full year sales of $684.71 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.80 billion. For the next year, analysts forecast that the company will report sales of $2.97 billion per share, with estimates ranging from $2.93 billion to $3.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Plexus.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $676.23 million. During the same period in the prior year, the business posted $0.82 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year.

PLXS has been the topic of a number of analyst reports. Citigroup upped their price target on Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. ValuEngine upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research cut Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. J P Morgan Chase & Co cut Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Tuesday, October 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $54.00 target price on shares of Plexus in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.86.

Shares of Plexus (NASDAQ:PLXS) opened at $61.19 on Wednesday. Plexus has a 1 year low of $49.06 and a 1 year high of $64.12. The firm has a market capitalization of $2,075.56, a price-to-earnings ratio of 19.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.78 and a quick ratio of 1.06.

In other news, CEO Todd P. Kelsey sold 4,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $61.71, for a total transaction of $246,840.00. Following the sale, the chief executive officer now owns 58,425 shares in the company, valued at $3,605,406.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ronnie Darroch sold 4,513 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $61.10, for a total value of $275,744.30. Following the completion of the transaction, the vice president now owns 9,677 shares in the company, valued at approximately $591,264.70. The disclosure for this sale can be found here. Insiders have sold 205,696 shares of company stock worth $12,706,971 in the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC boosted its holdings in Plexus by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock valued at $3,819,000 after acquiring an additional 1,861 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Plexus by 0.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock valued at $159,753,000 after acquiring an additional 16,329 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Plexus by 3.8% in the second quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock valued at $14,864,000 after acquiring an additional 10,388 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in Plexus in the second quarter valued at about $5,016,000. Finally, FMR LLC boosted its holdings in Plexus by 546.1% in the second quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after acquiring an additional 939,589 shares during the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

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Plexus 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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