Plexus (NASDAQ:PLXS) Announces Q1 2027 Earnings Guidance

Plexus (NASDAQ:PLXS) issued an update on its first quarter 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.460-2.620 for the period, compared to the consensus earnings per share estimate of 2.340. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion.

Analysts Set New Price Targets

PLXS has been the subject of several research reports. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Sunday. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Plexus in a research report on Friday, August 14th. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. KeyCorp upgraded shares of Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price objective on the stock in a report on Monday, September 21st. Finally, Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $276.86.

Plexus Stock Performance

NASDAQ PLXS opened at $207.96 on Friday. The company has a fifty day moving average of $246.75 and a 200-day moving average of $239.44. Plexus has a 52-week low of $132.03 and a 52-week high of $307.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.72 and a current ratio of 1.43. The company has a market capitalization of $5.57 billion, a P/E ratio of 28.03 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.55 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.36 billion. Plexus had a return on equity of 13.34% and a net margin of 4.08%. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 EPS. As a group, equities research analysts predict that Plexus will post 8.55 EPS for the current fiscal year.

Insider Activity

In other Plexus news, Director Karen Rapp sold 500 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $240.87, for a total value of $120,435.00. Following the completion of the transaction, the director owned 7,535 shares in the company, valued at approximately $1,814,955.45. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $239.16, for a total value of $358,740.00. Following the transaction, the chief executive officer owned 62,888 shares of the company’s stock, valued at $15,040,294.08. The trade was a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 9,000 shares of company stock valued at $2,319,260. Insiders own 1.78% of the company’s stock.

Plexus News Summary

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Plexus reported record fiscal 2026 revenue of $4.965 billion, up 23% year over year. Fourth-quarter revenue reached $1.427 billion, while adjusted EPS of $2.84 exceeded estimates near $2.55-$2.57. Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Management issued fiscal first-quarter 2027 adjusted EPS guidance of $2.46-$2.62, above the $2.34 consensus, and revenue guidance of $1.41-$1.46 billion, modestly ahead of the $1.4 billion estimate. Plexus Provides Earnings Guidance
• Positive Sentiment: The company won 36 manufacturing programs representing $290 million in annualized revenue at full ramp, expanded its qualified opportunity funnel to $4.9 billion, and raised its long-term non-GAAP operating-margin goal to 6.5%-7.0%.
• Positive Sentiment: Plexus authorized a new $100 million fiscal 2027 share-repurchase program after buying back $85 million of stock during fiscal 2026. It also expects at least $100 million of free cash flow in fiscal 2027.
• Neutral Sentiment: The stock’s decline appears to reflect profit-taking and elevated expectations after a substantial prior rally; the strong quarter and guidance were not enough to produce a positive reaction.
• Negative Sentiment: Adjusted operating-margin guidance of 6.0%-6.4% for the first quarter is below the 6.7% achieved in the latest quarter, potentially raising concerns about near-term margin normalization.
• Negative Sentiment: Fiscal-year free cash flow was negative $28.9 million because heavy investment and working-capital needs outweighed operating cash generation. The top 10 customers also represented 54% of fiscal-year revenue, increasing concentration risk.

About Plexus

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.