Q4 2024 EPS Estimates for Plexus Corp. Raised by Zacks Research (NASDAQ:PLXS)

Plexus Corp. (NASDAQ:PLXS – Get Rating) – Stock analysts at Zacks Research upped their Q4 2024 earnings per share estimates for Plexus in a research note issued on Wednesday, March 15th. Zacks Research analyst V. Doshi now expects that the technology company will post earnings of $1.75 per share for the quarter, up from their prior 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.

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

Plexus Stock Down 1.5 %

Shares of Plexus stock opened at $94.08 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.44 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.61 billion, a P/E ratio of 16.95 and a beta of 1.11. Plexus has a fifty-two week low of $74.53 and a fifty-two week high of $115.36. The business has a 50-day moving average price of $101.12 and a 200 day moving average price of $99.53.

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

Hedge Funds Weigh In On Plexus

Institutional investors have recently made changes to their positions in the stock. Credit Agricole S A acquired a new position in shares of Plexus during the third quarter worth approximately $25,000. BDO Wealth Advisors LLC acquired a new position in shares of Plexus during the third quarter worth approximately $27,000. Quadrant Capital Group LLC boosted its position in shares of Plexus by 138.6% during the second quarter. Quadrant Capital Group LLC now owns 396 shares of the technology company’s stock worth $31,000 after buying an additional 230 shares during the period. Ronald Blue Trust Inc. boosted its position in shares of Plexus by 292.8% during the third quarter. Ronald Blue Trust Inc. now owns 436 shares of the technology company’s stock worth $34,000 after buying an additional 325 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Plexus by 553.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 837 shares of the technology company’s stock worth $86,000 after buying an additional 709 shares during the period. 96.01% of the stock is owned by institutional investors.

Plexus Company Profile

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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.