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 53.8% and is now trading at $15.38. 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) released its quarterly earnings data on Wednesday, May, 27th. The technology company reported $0.30 EPS for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.19. The technology company earned $409 million during the quarter, compared to analyst estimates of $384.29 million. Plantronics had a negative net margin of 47.85% and a positive return on equity of 17.44%. The firm's revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS. 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 dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its Board of Directors has authorized a stock repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Plantronics issued an update on 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 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 twelve-month price objectives for Plantronics' shares. Their forecasts range from $10.00 to $22.00. On average, they anticipate Plantronics' stock price to reach $15.75 in the next year. This suggests a possible upside of 2.4% from the stock's current price. View analysts' price targets for Plantronics.

Headlines about PLT stock have trended negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Plantronics earned a daily sentiment score of -2.4 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news about Plantronics.

Plantronics saw a decline in short interest in June. As of June 30th, there was short interest totaling 5,560,000 shares, a decline 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 days-to-cover ratio is presently 4.9 days. Approximately 17.0% of the company's stock are short sold. 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), Ciena (CIEN), F5 Networks (FFIV), 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 $15.38.

Plantronics has a market capitalization of $625.72 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]