NYSE:PLTPlantronics Stock Price, Forecast & News

Plantronics' stock was trading at $10.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PLT shares have decreased by 13.3% and is now trading at $8.67. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plantronics in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings 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, May 5th 2020. View our earnings forecast for Plantronics.

Plantronics Inc (NYSE:PLT) released its quarterly earnings results on Tuesday, February, 4th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.16. The technology company earned $392 million during the quarter, compared to the consensus estimate of $399.15 million. Plantronics had a positive return on equity of 19.10% and a negative net margin of 9.69%. The firm's quarterly revenue was down 26.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. View Plantronics' earnings history.

Plantronics announced a quarterly dividend on Tuesday, February 4th. Shareholders 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 dividend yield of 6.92%. The ex-dividend date of this dividend is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its board has initiated a stock buyback program on Thursday, November 29th 2018, which authorizes the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Plantronics updated its fourth quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share (EPS) guidance of $0.01-0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55. The company issued revenue guidance of $390-430 million, compared to the consensus revenue estimate of $438.40 million.

6 brokerages have issued 1-year price objectives for Plantronics' stock. Their forecasts range from $12.00 to $83.00. On average, they expect Plantronics' share price to reach $42.83 in the next year. This suggests a possible upside of 394.0% from the stock's current price. View analysts' price targets for Plantronics.

Media stories about PLT stock have been trending very negative on Sunday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plantronics earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutPlantronics.

Plantronics saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 4,853,300 shares, a drop of 12.9% from the February 27th total of 5,570,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 4.1 days. Currently, 15.1% 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), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Echostar (SATS), Finisar (FNSR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Harmonic (HLIT) and Calix (CALX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Plantronics investors own include General Motors (GM), AT&T (T), Estee Lauder Companies (EL), Gilead Sciences (GILD), Micron Technology (MU), AbbVie (ABBV), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Harley-Davidson (HOG) and Macy's (M).

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 $8.67.

Plantronics has a market capitalization of $346.19 million and generates $1.67 billion in revenue each year. The technology company earns $-135,560,000.00 in net income (profit) each year or $4.00 on an earnings per share basis. Plantronics employs 7,490 workers across the globe. View additional information about Plantronics.

The official website for Plantronics is http://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]