Plexus (NASDAQ:PLXS – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.22-1.37 for the period, compared to the consensus EPS estimate of $1.09. The company issued revenue guidance of $960 million – $1 billion, compared to the consensus revenue estimate of $1.02 billion. Plexus also updated its Q3 2024 guidance to 1.220-1.370 EPS.
Plexus Stock Performance
Shares of PLXS stock traded up $1.98 during trading hours on Friday, reaching $101.07. 54,680 shares of the company’s stock were exchanged, compared to its average volume of 117,009. Plexus has a fifty-two week low of $83.84 and a fifty-two week high of $114.06. The stock has a market capitalization of $2.79 billion, a P/E ratio of 27.56 and a beta of 1.02. The business has a fifty day moving average price of $94.38 and a 200-day moving average price of $98.38. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 0.15.
Plexus (NASDAQ:PLXS – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. Plexus had a return on equity of 10.86% and a net margin of 2.54%. The company had revenue of $966.90 million during the quarter, compared to analyst estimates of $950.75 million. During the same period in the previous year, the company earned $1.45 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. Analysts predict that Plexus will post 4.36 EPS for the current fiscal year.
Wall Street Analyst Weigh In
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Insiders Place Their Bets
In other Plexus news, insider Michael J. Running sold 542 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $95.60, for a total transaction of $51,815.20. Following the completion of the transaction, the insider now directly owns 1,569 shares in the company, valued at $149,996.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Michael J. Running sold 542 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $95.60, for a total transaction of $51,815.20. Following the sale, the insider now owns 1,569 shares in the company, valued at $149,996.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick John Jermain sold 2,532 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $92.51, for a total value of $234,235.32. Following the sale, the chief financial officer now owns 54,651 shares in the company, valued at approximately $5,055,764.01. The disclosure for this sale can be found here. Insiders sold 32,453 shares of company stock worth $3,112,875 over the last three months. 2.39% of the stock is currently owned by corporate insiders.
About Plexus
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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