Q4 2024 Earnings Estimate for Plexus Corp. Issued By Zacks Research (NASDAQ:PLXS)

Plexus Corp. (NASDAQ:PLXS – Get Rating) – Stock analysts at Zacks Research raised their Q4 2024 earnings per share estimates for Plexus in a report released on Wednesday, March 15th. Zacks Research analyst V. Doshi now forecasts that the technology company will earn $1.75 per share for the quarter, up from their previous estimate of $1.74. The consensus estimate for Plexus’ current full-year earnings is $5.60 per share. Zacks Research also issued estimates for Plexus’ FY2025 earnings at $7.23 EPS.

Plexus (NASDAQ:PLXS – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The technology company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.02. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. Plexus had a return on equity of 14.45% and a net margin of 3.84%. The business’s revenue was up 33.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share.

Several other equities analysts also recently issued reports on PLXS. Needham & Company LLC reduced their price objective on Plexus from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 27th. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, January 27th. JPMorgan Chase & Co. reduced their price objective on Plexus from $90.00 to $86.00 and set an “underweight” rating for the company in a research report on Friday, January 27th. Finally, StockNews.com assumed coverage on Plexus in a research report on Thursday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Plexus presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Plexus Stock Performance

Shares of NASDAQ PLXS opened at $94.08 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $101.12 and a 200-day simple moving average of $99.53. The company has a market cap of $2.61 billion, a PE ratio of 16.95 and a beta of 1.11. Plexus has a 12-month low of $74.53 and a 12-month high of $115.36.

Institutional Investors Weigh In On Plexus

Institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A acquired a new stake in Plexus in the third quarter worth approximately $25,000. BDO Wealth Advisors LLC bought a new position in shares of Plexus in the third quarter valued at $27,000. Quadrant Capital Group LLC increased its holdings in shares of Plexus by 138.6% in the second quarter. Quadrant Capital Group LLC now owns 396 shares of the technology company’s stock valued at $31,000 after buying an additional 230 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Plexus by 292.8% in the third quarter. Ronald Blue Trust Inc. now owns 436 shares of the technology company’s stock valued at $34,000 after buying an additional 325 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Plexus by 553.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 837 shares of the technology company’s stock valued at $86,000 after buying an additional 709 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

About Plexus

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Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense market sectors.