Plexus Corp. (NASDAQ:PLXS – Get Free Report) CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $102.66, for a total value of $230,985.00. Following the transaction, the chief accounting officer now owns 38,560 shares of the company’s stock, valued at $3,958,569.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Plexus Trading Up 0.4 %
PLXS opened at $106.42 on Wednesday. Plexus Corp. has a one year low of $84.99 and a one year high of $114.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.64 and a current ratio of 1.51. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 29.40 and a beta of 1.00. The stock’s 50 day moving average price is $95.76 and its 200-day moving average price is $98.96.
Plexus (NASDAQ:PLXS – Get Free Report) last released its earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The business had revenue of $966.90 million for the quarter, compared to analyst estimates of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. On average, equities analysts forecast that Plexus Corp. will post 3.61 EPS for the current year.
Institutional Investors Weigh In On Plexus
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating and set a $110.00 price objective on shares of Plexus in a research report on Wednesday, January 17th. TheStreet lowered Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Stifel Nicolaus upped their price objective on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Needham & Company LLC lifted their target price on Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.75.
Get Our Latest Stock Analysis on PLXS
Plexus Company Profile
Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
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