Plexus (PLXS) Issues Quarterly Earnings Results
Plexus (NASDAQ:PLXS) issued its quarterly earnings data on Wednesday. The technology company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.05), Bloomberg Earnings reports. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The company had revenue of $677.00 million for the quarter, compared to the consensus estimate of $685.07 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. Plexus updated its Q2 guidance to $0.68-0.78 EPS.
Shares of Plexus (NASDAQ PLXS) traded up $0.59 during trading hours on Wednesday, hitting $64.36. The company’s stock had a trading volume of 240,761 shares, compared to its average volume of 135,694. Plexus has a fifty-two week low of $49.06 and a fifty-two week high of $66.78. The stock has a market capitalization of $2,170.00, a price-to-earnings ratio of 19.86 and a beta of 0.88. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03.
Several brokerages have weighed in on PLXS. Longbow Research raised Plexus from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. BidaskClub cut Plexus from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. JPMorgan Chase & Co. cut Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Tuesday, October 10th. Finally, Zacks Investment Research cut Plexus from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.86.
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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