Zacks Research Decreases Earnings Estimates for Plexus

Plexus Corp. (NASDAQ:PLXS) – Analysts at Zacks Research reduced their FY2026 earnings per share estimates for Plexus in a report released on Wednesday, November 5th. Zacks Research analyst Team now expects that the technology company will post earnings per share of $6.39 for the year, down from their previous estimate of $6.42. 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 and FY2028 earnings at $7.86 EPS.

A number of other equities analysts also recently issued reports on PLXS. Benchmark reissued a “buy” rating and set a $165.00 price target on shares of Plexus in a research report on Friday, October 24th. Stifel Nicolaus set a $150.00 target price on shares of Plexus in a report on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Plexus from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Williams Trading set a $165.00 price objective on shares of Plexus in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Plexus currently has an average rating of “Hold” and an average target price of $159.00.

Plexus Price Performance

Shares of NASDAQ:PLXS traded down $2.00 on Friday, reaching $141.50. The company’s stock had a trading volume of 39,512 shares, compared to its average volume of 181,010. The company has a 50-day simple moving average of $142.42 and a 200 day simple moving average of $135.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58. The company has a market cap of $3.82 billion, a P/E ratio of 22.66 and a beta of 0.80. Plexus has a 52-week low of $103.43 and a 52-week high of $172.89.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.84 by $0.30. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total value of $287,000.00. Following the sale, the chief executive officer directly owned 60,714 shares of the company’s stock, valued at approximately $8,712,459. This represents a 3.19% 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. Also, COO Oliver K. Mihm sold 2,102 shares of Plexus stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $130.43, for a total value of $274,163.86. Following the transaction, the chief operating officer owned 21,155 shares of the company’s stock, valued at $2,759,246.65. The trade was a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,676 shares of company stock valued at $2,450,935. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Plexus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLXS. Congress Asset Management Co. increased its position in Plexus by 0.5% during the third quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after purchasing an additional 88 shares during the last quarter. Huntington National Bank grew its stake in shares of Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after buying an additional 95 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Plexus by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after buying an additional 99 shares during the last quarter. Strs Ohio increased its holdings in shares of Plexus by 1.2% during the 3rd quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock worth $1,230,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Plexus by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock valued at $1,157,000 after buying an additional 102 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.