Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 7,500 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $61.29, for a total transaction of $459,675.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Plexus Corp. (NASDAQ PLXS) opened at $60.93 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. Plexus Corp. has a 12-month low of $49.06 and a 12-month high of $62.56. The company has a market cap of $2,024.57, a PE ratio of 18.67 and a beta of 0.90.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The business had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $676.23 million. During the same quarter last year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts forecast that Plexus Corp. will post 3.41 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub cut shares of Plexus Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective on shares of Plexus Corp. in a research report on Tuesday, September 12th. J P Morgan Chase & Co cut shares of Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Tuesday, October 10th. Finally, Citigroup Inc. upped their price objective on shares of Plexus Corp. from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Plexus Corp. has an average rating of “Hold” and a consensus price target of $57.86.
About Plexus Corp.
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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