Zacks Research Brokers Reduce Earnings Estimates for Plexus

Plexus Corp. (NASDAQ:PLXS) – Zacks Research decreased their FY2026 EPS estimates for shares of Plexus in a report issued on Tuesday, April 14th. Zacks Research analyst Team now expects that the technology company will post earnings of $6.63 per share for the year, down from their prior estimate of $6.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Plexus’ current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Plexus’ Q1 2027 earnings at $1.70 EPS, Q3 2027 earnings at $1.88 EPS, Q4 2027 earnings at $2.05 EPS, FY2027 earnings at $7.33 EPS, Q1 2028 earnings at $1.84 EPS and FY2028 earnings at $8.03 EPS.

PLXS has been the subject of a number of other reports. Williams Trading set a $195.00 price target on shares of Plexus in a research report on Wednesday, January 28th. Stifel Nicolaus lifted their price target on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Benchmark reissued a “buy” rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Plexus presently has a consensus rating of “Moderate Buy” and an average price target of $194.20.

Plexus Trading Down 3.3%

Shares of PLXS opened at $220.49 on Thursday. The firm’s 50-day moving average price is $202.69 and its 200-day moving average price is $171.17. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 34.29 and a beta of 0.75. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Plexus has a 1-year low of $115.35 and a 1-year high of $232.17.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS.

Insiders Place Their Bets

In other Plexus news, CEO Todd P. Kelsey sold 8,120 shares of Plexus stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $205.65, for a total value of $1,669,878.00. Following the completion of the transaction, the chief executive officer directly owned 78,598 shares of the company’s stock, valued at approximately $16,163,678.70. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of Plexus stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $203.06, for a total transaction of $873,767.18. Following the completion of the transaction, the chief accounting officer directly owned 20,099 shares of the company’s stock, valued at $4,081,302.94. This trade represents a 17.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 49,495 shares of company stock valued at $10,009,836. 1.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLXS. AQR Capital Management LLC raised its holdings in Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after buying an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Plexus by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock worth $2,046,000 after buying an additional 705 shares during the last quarter. United Services Automobile Association purchased a new position in Plexus in the first quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after buying an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Plexus in the second quarter worth about $309,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Market momentum pushed Plexus to a fresh high earlier this week, reflecting strength in the Nasdaq-led rally and positive investor appetite for the stock prior to this week’s analyst activity. Read More.
• Neutral Sentiment: Plexus scheduled its fiscal Q2 2026 earnings release for after the market close on April 29, 2026, with a conference call on April 30; that date creates a near-term catalyst that can amplify moves in either direction depending on results and guidance. Read More.
• Negative Sentiment: Zacks Research downgraded Plexus from “strong-buy” to “hold” and issued a series of small downward EPS revisions across FY2026–FY2028 and several quarters (mostly trimming forecasts by pennies), signaling reduced analyst conviction and applying near-term selling pressure. The research house still shows modest variance across quarters (one tiny raise for Q3 2027), but the overall trend is lower estimates. Read More.

About Plexus

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.