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 (WHO). Since then, PLT stock has increased by 52.8% and is now trading at $15.2750. 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 earnings results on Wednesday, May, 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.19. The technology company had revenue of $409 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 16.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. View Plantronics' earnings history.

Plantronics declared 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 3.93%. The ex-dividend date of this dividend is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics announced that its Board of Directors has approved a stock repurchase 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 purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors 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 brokerages have issued 12-month target prices for Plantronics' shares. Their forecasts range from $10.00 to $22.00. On average, they anticipate Plantronics' share price to reach $15.75 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View analysts' price targets for Plantronics.

News headlines about PLT stock have been trending neutral on Friday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Plantronics earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. 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 currently 4.9 days. Currently, 17.0% of the shares of the company 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 $15.28.

Plantronics has a market capitalization of $621.39 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]