$0.85 Earnings Per Share Expected for Plexus Corp. (PLXS) This Quarter

Equities research analysts expect Plexus Corp. (NASDAQ:PLXS) to post $0.85 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Plexus’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.84. Plexus reported earnings of $0.74 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.9%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 17th.

According to Zacks, analysts expect that Plexus will report full year earnings of $3.71 per share for the current financial year, with EPS estimates ranging from $3.67 to $3.74. For the next financial year, analysts anticipate that the firm will report earnings of $4.23 per share, with EPS estimates ranging from $4.13 to $4.33. Zacks’ EPS averages are an average based on a survey of research analysts that cover Plexus.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, January 16th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. The company had revenue of $765.54 million during the quarter, compared to the consensus estimate of $768.32 million. Plexus had a return on equity of 12.44% and a net margin of 4.52%. Plexus’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share.

PLXS has been the subject of several recent analyst reports. BidaskClub cut Plexus from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Zacks Investment Research raised Plexus from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, January 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $69.33.

NASDAQ:PLXS traded up $0.23 during mid-day trading on Friday, reaching $65.55. 517 shares of the stock were exchanged, compared to its average volume of 166,613. The company has a market capitalization of $2.02 billion, a PE ratio of 20.28 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 1.97 and a debt-to-equity ratio of 0.21. Plexus has a 1 year low of $47.63 and a 1 year high of $65.82.

In other Plexus news, Director Stephen P. Cortinovis sold 5,000 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $54.03, for a total transaction of $270,150.00. Following the completion of the transaction, the director now directly owns 32,128 shares of the company’s stock, valued at approximately $1,735,875.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Dean A. Foate sold 10,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $63.00, for a total value of $630,000.00. Following the transaction, the chairman now directly owns 234,753 shares of the company’s stock, valued at $14,789,439. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,454 shares of company stock valued at $4,875,094. 3.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PLXS. Federated Investors Inc. PA bought a new position in shares of Plexus during the third quarter worth $92,000. Amundi Pioneer Asset Management Inc. bought a new position in Plexus during the 4th quarter valued at about $128,000. NumerixS Investment Technologies Inc bought a new position in Plexus during the 4th quarter valued at about $161,000. Jefferies Group LLC bought a new position in Plexus during the 3rd quarter valued at about $216,000. Finally, Jane Street Group LLC bought a new position in Plexus during the 4th quarter valued at about $275,000. 96.45% of the stock is owned by hedge funds and other institutional investors.

About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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