Plexus Corp. (NASDAQ:PLXS – Get Rating) CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $94.56, for a total transaction of $283,680.00. Following the completion of the sale, the chief executive officer now owns 104,528 shares of the company’s stock, valued at approximately $9,884,167.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Plexus Stock Performance
NASDAQ:PLXS opened at $92.63 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of 21.74 and a beta of 1.14. The firm’s fifty day simple moving average is $82.78 and its 200 day simple moving average is $81.62. Plexus Corp. has a twelve month low of $72.88 and a twelve month high of $99.11. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.17.
Plexus (NASDAQ:PLXS – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.23. The business had revenue of $981.00 million for the quarter, compared to analysts’ expectations of $906.32 million. Plexus had a net margin of 3.43% and a return on equity of 11.79%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, research analysts predict that Plexus Corp. will post 4.44 EPS for the current year.
Hedge Funds Weigh In On Plexus
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Benchmark began coverage on shares of Plexus in a report on Wednesday, July 27th. They set a “buy” rating and a $98.00 price target on the stock. Raymond James upgraded shares of Plexus from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Tuesday, June 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.50.
Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
- Get a free copy of the StockNews.com research report on Plexus (PLXS)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.