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. Since then, PLT shares have increased by 46.8% and is now trading at $14.68. 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, August 4th 2020. View our earnings forecast for Plantronics.

Plantronics Inc (NYSE:PLT) issued its quarterly earnings results on Wednesday, May, 27th. The technology company reported $0.30 EPS for the quarter, topping analysts' consensus estimates 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 business's revenue was down 16.2% on a year-over-year basis. During the same period in the prior 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 given a dividend of $0.15 per share on Tuesday, March 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its board has initiated a share repurchase program 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

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

5 brokers have issued 12-month price targets 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 twelve months. This suggests a possible upside of 7.3% from the stock's current price. View analysts' price targets for Plantronics.

News articles about PLT stock have been trending very negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Plantronics earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Plantronics.

Plantronics saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,030,000 shares, an increase of 23.6% from the May 31st total of 4,880,000 shares. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 18.5% 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), 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 $14.68.

Plantronics has a market capitalization of $597.24 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]