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NYSE:PLT

Plantronics Stock Forecast, Price & News

$19.52
+0.53 (+2.79 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$19.08
Now: $19.52
$23.65
50-Day Range
$11.18
MA: $14.36
$19.08
52-Week Range
$4.60
Now: $19.52
$42.44
Volume4.25 million shs
Average Volume1.12 million shs
Market Capitalization$795.32 million
P/E RatioN/A
Dividend YieldN/A
Beta1.91
Plantronics, Inc. designs, manufactures, and markets integrated communications and collaborations solutions for consumers and businesses worldwide. The company offers its communications and collaboration solutions for voice, video, and content sharing, as well as a line of support and services for the workplace under the Polycom brand. Its principal product categories include enterprise headsets, which includes headsets optimized for unified communications and collaboration, other corded and cordless communication headsets, and audio processors and telephone systems; consumer headsets, which includes Bluetooth and corded products for mobile device applications, personal computer, and gaming; voice, video, and content sharing solutions that include products designed to work with a range of unified communication, unified communication as a service, and video as a service environments, including RealPresence collaboration solutions of infrastructure to endpoints that allows people to connect and collaborate worldwide; and support services, including hardware devices, professional, hosted, and managed services. The company sells its products through a sales team, as well as through a network of distributors and channel partners, including value-added resellers, integrators, direct marketing resellers, service providers, resellers, and retailers. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.10 out of 5 stars

Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
CUSIP72749310
Phone831-426-5858
Employees6,584

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.70 billion
Cash Flow$27.49 per share
Book Value($2.07) per share

Profitability

Net Income$-827,180,000.00

Miscellaneous

Market Cap$795.32 million
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$19.52
+0.53 (+2.79 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Plantronics (NYSE:PLT) Frequently Asked Questions

How has Plantronics' stock price been impacted by COVID-19 (Coronavirus)?

Plantronics' stock was trading at $10.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PLT stock has increased by 95.2% and is now trading at $19.52.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Plantronics?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plantronics in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Plantronics
.

When is Plantronics' next earnings date?

Plantronics is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Plantronics
.

How were Plantronics' earnings last quarter?

Plantronics Inc (NYSE:PLT) posted its quarterly earnings results on Thursday, October, 29th. The technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.45. The technology company had revenue of $410.97 million for the quarter, compared to the consensus estimate of $374.91 million. Plantronics had a positive return on equity of 17.30% and a negative net margin of 52.48%. The firm's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS.
View Plantronics' earnings history
.

How often does Plantronics pay dividends? What is the dividend yield for Plantronics?

Plantronics announced a quarterly dividend on Tuesday, February 4th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.15 per share on Tuesday, March 10th. This represents a $0.60 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Wednesday, February 19th.
View Plantronics' dividend history
.

How will Plantronics' stock buyback program work?

Plantronics declared that its board has initiated a stock buyback program on Thursday, November 29th 2018, which permits the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

What guidance has Plantronics issued on next quarter's earnings?

Plantronics updated its third quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $0.85-1.05 for the period, compared to the Thomson Reuters consensus estimate of $0.47. The company issued revenue guidance of $417-447 million, compared to the consensus revenue estimate of $379.92 million.

What price target have analysts set for PLT?

5 Wall Street analysts have issued 12-month price objectives for Plantronics' shares. Their forecasts range from $12.00 to $22.00. On average, they anticipate Plantronics' stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
View analysts' price targets for Plantronics
.

Who are some of Plantronics' key competitors?

What other stocks do shareholders of Plantronics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plantronics investors own include NVIDIA (NVDA), Alibaba Group (BABA), The Walt Disney (DIS), PayPal (PYPL), AT&T (T), Carnival Co. & (CCL), Gilead Sciences (GILD), Lululemon Athletica (LULU), Verizon Communications (VZ) and Advanced Micro Devices (AMD).

Who are Plantronics' key executives?

Plantronics' management team includes the following people:
  • Mr. Joseph B. Burton, Pres, CEO & Director (Age 54)
  • Ms. Mary Huser, Exec. VP and Chief Legal & Compliance Officer (Age 55)
  • Ms. Pamela J. Strayer, Exec. VP & CFO (Age 51)
  • Mr. Jeff Loebbaka, Exec. VP of Global Sales (Age 57)
  • Mr. Shantanu Sarkar, Exec. VP & GM of Personal Systems Bus. (Age 50)

What is Plantronics' stock symbol?

Plantronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLT."

Who are Plantronics' major shareholders?

Plantronics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (2.46%), Whittier Trust Co. (0.17%), Comerica Bank (0.09%), State of Alaska Department of Revenue (0.09%), Louisiana State Employees Retirement System (0.04%) and Cubic Asset Management LLC (0.03%). Company insiders that own Plantronics stock include Brian S Dexheimer, Charles D Boynton, Guido Jouret, Jeff Loebbaka, Joseph B Burton, Marvin Tseu, Private Holdings I L Triangle, Robert C Hagerty and Shantanu Sarkar.
View institutional ownership trends for Plantronics
.

Which major investors are selling Plantronics stock?

PLT stock was sold by a variety of institutional investors in the last quarter, including Cubic Asset Management LLC, Whittier Trust Co., and Hanson & Doremus Investment Management. Company insiders that have sold Plantronics company stock in the last year include Jeff Loebbaka, and Private Holdings I L Triangle.
View insider buying and selling activity for Plantronics
.

Which major investors are buying Plantronics stock?

PLT stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Louisiana State Employees Retirement System, New Mexico Educational Retirement Board, New Mexico Educational Retirement Board, BNP Paribas Arbitrage SA, State of Alaska Department of Revenue, Comerica Bank, and Nisa Investment Advisors LLC. Company insiders that have bought Plantronics stock in the last two years include Brian S Dexheimer, Charles D Boynton, Guido Jouret, and Robert C Hagerty.
View insider buying and selling activity for Plantronics
.

How do I buy shares of Plantronics?

Shares of PLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Plantronics' stock price today?

One share of PLT stock can currently be purchased for approximately $19.52.

How big of a company is Plantronics?

Plantronics has a market capitalization of $795.32 million and generates $1.70 billion in revenue each year. The technology company earns $-827,180,000.00 in net income (profit) each year or $1.99 on an earnings per share basis. Plantronics employs 6,584 workers across the globe.

What is Plantronics' official website?

The official website for Plantronics is www.poly.com.

How can I contact Plantronics?

Plantronics' mailing address is 345 ENCINAL STREET, SANTA CRUZ CA, 95060. The technology company can be reached via phone at 831-426-5858 or via email at [email protected]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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