NYSE:PLTPlantronics Stock Price, Forecast & News

Plantronics' stock was trading at $10.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PLT stock has increased by 47.6% and is now trading at $14.76. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plantronics in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Plantronics.

Plantronics is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Plantronics.

Plantronics will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Plantronics Inc (NYSE:PLT) posted its earnings results on Wednesday, May, 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.19. The technology company had revenue of $409 million for the quarter, compared to analysts' expectations of $384.29 million. Plantronics had a positive return on equity of 17.44% and a negative net margin of 47.85%. The company's revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. View Plantronics' earnings history.

Plantronics declared a quarterly dividend on Tuesday, February 4th. Investors of record on Thursday, February 20th will be paid a dividend of $0.15 per share on Tuesday, March 10th. This represents a $0.60 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its board has approved a share repurchase plan on Thursday, November 29th 2018, which authorizes the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Plantronics updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of ($0.18)-$0.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $335-$370 million, compared to the consensus revenue estimate of $375.62 million.

5 equities research analysts have issued 12-month price objectives for Plantronics' shares. Their forecasts range from $10.00 to $22.00. On average, they expect Plantronics' share price to reach $15.75 in the next year. This suggests a possible upside of 6.7% from the stock's current price. View analysts' price targets for Plantronics.

Media coverage about PLT stock has been trending neutral this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plantronics earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Plantronics.

Plantronics saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,560,000 shares, a decrease of 7.8% from the June 15th total of 6,030,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 4.9 days. Currently, 17.0% of the company's shares are sold short. View Plantronics' Current Options Chain.

Some companies that are related to Plantronics include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN) and ADTRAN (ADTN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plantronics investors own include Alibaba Group (BABA), NVIDIA (NVDA), AT&T (T), Walt Disney (DIS), Carnival (CCL), General Motors (GM), QUALCOMM (QCOM), Gilead Sciences (GILD), Netflix (NFLX) and Pfizer (PFE).

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

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.

One share of PLT stock can currently be purchased for approximately $14.76.

Plantronics has a market capitalization of $600.44 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.

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

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]