Plexus Corp. (PLXS) Releases Earnings Results, Beats Expectations By $0.05 EPS

Plexus Corp. (PLXS) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.77. The company posted revenue of $667.61 million in the period, compared to analysts expectations of $655.43 million. The company’s revenue was down -.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Plexus Corp.. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 43 from a previous price target of $38 .Company shares were Reiterated by Needham on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $38 .

Plexus Corp. (PLXS) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $46 and reached the intraday high at $46.35. The bulls started the profit booking and pushed the shares to intraday low of $45.75. The trading session was marked by a volume range of 87,230 shares exchanging hands. The 52-week high of the shares is $46.35 and the 52-week low is $28.72. The market cap of the company stands at $1,531 M and there are 3,33,45,127 shares in public circulation.

In a different news, on Jun 7, 2016, Todd P. Kelsey (Exec VP & Chief Operating Off) sold 11,000 shares at $44.32 per share price. According to the SEC, on Jun 6, 2016, Dean A Foate (Chairman, President and CEO) sold 28,149 shares at $44.44 per share price. On Jun 6, 2016, Philip R Martens (director) sold 3,750 shares at $44.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the Electronic Manufacturing Services (EMS) industry. The Company delivers optimized solutions to its customers through its Product Realization Value Stream. Plexus delivers end-to-end solutions for customers in the Americas (AMER) Europe Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company serves approximately 140 product companies in the Networking/Communications Healthcare/Life Sciences Industrial/Commercial and Defense/Security/Aerospace market sectors. The Company provides its solutions on a turnkey basis and it procures some or all materials required for product assembly and also provides select services on a consignment basis. The Company’s Design for Excellence (DFX) solutions consist of collection of specific design solutions including design for test design for manufacturability/assembly and design for fabrication.

Plexus Corp.

Leave a Reply

Plexus Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Plexus Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.