$0.72 EPS Expected for Plexus Corp. (PLXS)

July 18, 2017 - By Migdalia James

 $0.72 EPS Expected for Plexus Corp. (PLXS)
Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.63, from 1.44 in 2016Q3. It worsened, as 25 investors sold Plexus Corp. shares while 73 reduced holdings. 28 funds opened positions while 51 raised stakes. 30.60 million shares or 1.33% less from 31.01 million shares in 2016Q3 were reported.
State Of Wisconsin Invest Board invested in 0.05% or 199,642 shares. The Missouri-based Century Companies has invested 0% in Plexus Corp. (NASDAQ:PLXS). Keybank Natl Association Oh accumulated 26,896 shares or 0.01% of the stock. Disciplined Growth Investors Mn holds 3.81% in Plexus Corp. (NASDAQ:PLXS) or 3.08M shares. Reynders Mcveigh Limited Com stated it has 0.03% of its portfolio in Plexus Corp. (NASDAQ:PLXS). Artemis Management Llp reported 197,700 shares. Citigroup holds 0% of its portfolio in Plexus Corp. (NASDAQ:PLXS) for 72,253 shares. Profund Llc has 10,076 shares. Ahl Ptnrs Limited Liability Partnership stated it has 122,349 shares or 0.2% of all its holdings. Suntrust Banks has invested 0% of its portfolio in Plexus Corp. (NASDAQ:PLXS). 3.05M are held by Vanguard Group Inc. Envestnet Asset Incorporated stated it has 0% of its portfolio in Plexus Corp. (NASDAQ:PLXS). The Pennsylvania-based Glenmede Tru Company Na has invested 0% in Plexus Corp. (NASDAQ:PLXS). 1St Glob Advisors accumulated 4,722 shares. Geode Mngmt Ltd Liability stated it has 362,551 shares.

Since January 20, 2017, it had 0 buys, and 14 selling transactions for $8.54 million activity. 13,750 shares were sold by CORTINOVIS STEPHEN P, worth $727,088. Shares for $267,959 were sold by KELLY PETER. FOATE DEAN A sold 5,000 shares worth $266,625. $620,749 worth of stock was sold by Kelsey Todd P. on Friday, January 20. 2,500 shares were sold by Frisch Steven J., worth $135,008 on Thursday, January 26. Another trade for 5,000 shares valued at $256,850 was sold by SCHROCK MICHAEL V.

Analysts await Plexus Corp. (NASDAQ:PLXS) to report earnings on July, 19. They expect $0.72 EPS, down 12.20 % or $0.10 from last year’s $0.82 per share. PLXS’s profit will be $24.46 million for 18.50 P/E if the $0.72 EPS becomes a reality. After $0.84 actual EPS reported by Plexus Corp. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth. The stock increased 0.97% or $0.51 during the last trading session, reaching $53.27. About shares traded. Plexus Corp. (NASDAQ:PLXS) has risen 19.78% since July 18, 2016 and is uptrending. It has outperformed by 3.08% the S&P500.

Plexus Corp. (NASDAQ:PLXS) Ratings Coverage

Among 8 analysts covering Plexus (NASDAQ:PLXS), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Plexus had 11 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by B. Riley & Co on Friday, July 22 to “Neutral”. The stock has “Strong Buy” rating by Needham on Friday, July 24. As per Wednesday, November 18, the company rating was downgraded by Numis Securities. RBC Capital Markets maintained Plexus Corp. (NASDAQ:PLXS) rating on Tuesday, October 13. RBC Capital Markets has “Sector Perform” rating and $41 target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 20. The rating was maintained by Deutsche Bank with “Hold” on Monday, September 7. The firm has “Neutral” rating by Longbow given on Thursday, December 15. The firm earned “Buy” rating on Friday, July 22 by Needham. Goldman Sachs upgraded the stock to “Buy” rating in Monday, August 3 report. The firm earned “Neutral” rating on Friday, October 23 by Goldman Sachs.

Plexus Corp. and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The company has market cap of $1.81 billion. The Firm delivers end-to-end solutions for clients in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. It has a 17.87 P/E ratio. The Company’s divisions are AMER, APAC and EMEA.

Another recent and important Plexus Corp. (NASDAQ:PLXS) news was published by Zacks.com which published an article titled: “Plexus (PLXS) to Report Q3 Earnings: What’s in the Cards?” on July 17, 2017.

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