News articles about Plexus (NASDAQ:PLXS) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Plexus earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.2290767490309 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research firms have recently weighed in on PLXS. ValuEngine raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Longbow Research raised shares of Plexus from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research raised shares of Plexus from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Thursday, March 22nd. BidaskClub raised shares of Plexus from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, TheStreet cut shares of Plexus from an “a-” rating to a “c+” rating in a research note on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.00.
NASDAQ:PLXS opened at $61.91 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.08 and a current ratio of 1.90. Plexus has a fifty-two week low of $49.06 and a fifty-two week high of $66.78. The firm has a market cap of $2,049.66, a PE ratio of 19.11 and a beta of 0.85.
Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.05). The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $685.07 million. Plexus had a negative net margin of 0.57% and a positive return on equity of 11.24%. Plexus’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. equities research analysts expect that Plexus will post 3.27 earnings per share for the current fiscal year.
Plexus announced that its Board of Directors has approved a share buyback plan on Tuesday, February 20th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
In related news, Director Stephen P. Cortinovis sold 6,250 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $61.30, for a total value of $383,125.00. Following the sale, the director now directly owns 31,322 shares of the company’s stock, valued at approximately $1,920,038.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Ronnie Darroch sold 1,250 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.66, for a total transaction of $75,825.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,554 shares of company stock worth $1,726,564. 3.70% of the stock is owned by corporate insiders.
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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 product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.
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