NYSE:PLTPlantronics Stock Price, Forecast & News

Plantronics' stock was trading at $10.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PLT shares have increased by 30.3% and is now trading at $13.03. View which stocks have been most impacted by Coronavirus.

6 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 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, August 4th 2020. View our earnings forecast for Plantronics.

Plantronics Inc (NYSE:PLT) released its quarterly earnings results on Wednesday, May, 27th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.19. The technology company earned $409 million during the quarter, compared to analysts' expectations of $384.29 million. Plantronics had a negative net margin of 47.85% and a positive return on equity of 17.30%. The business's quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. View Plantronics' earnings history.

Plantronics announced 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 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its Board of Directors has approved a stock buyback plan on Thursday, November 29th 2018, which authorizes the company to repurchase 1,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication 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 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.

6 analysts have issued 12 month price targets for Plantronics' shares. Their forecasts range from $10.00 to $83.00. On average, they anticipate Plantronics' stock price to reach $32.67 in the next year. This suggests a possible upside of 150.7% from the stock's current price. View analysts' price targets for Plantronics.

News headlines about PLT stock have trended extremely negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Plantronics earned a news impact score of -4.3 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPlantronics.

Plantronics saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,950,000 shares, an increase of 7.4% from the April 15th total of 4,610,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 3.3 days. Approximately 15.5% 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), 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 Harmonic (HLIT). 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."

Plantronics' stock is owned by many different institutional and retail investors. Top institutional investors include Siris Capital Group LLC (17.79%), Primecap Management Co. CA (14.92%), BlackRock Inc. (12.69%), Disciplined Growth Investors Inc. MN (5.44%), Pzena Investment Management LLC (3.41%) and State Street Corp (2.90%). Company insiders that own Plantronics stock include Brian S Dexheimer, Charles D Boynton, Greggory C Hammann, Guido Jouret, Jeff Loebbaka, Joseph B Burton, Marvin Tseu, Robert C Hagerty and Shantanu Sarkar. View institutional ownership trends for Plantronics.

PLT stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Invenomic Capital Management LP, BlackRock Inc., Morgan Stanley, Morgan Stanley, Nisa Investment Advisors LLC, Wells Fargo & Company MN, and First Trust Advisors LP. Company insiders that have sold Plantronics company stock in the last year include Jeff Loebbaka, and Joseph B Burton. View insider buying and selling activity for Plantronics.

PLT stock was acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Primecap Management Co. CA, Siris Capital Group LLC, Polygon Management Ltd., Federated Hermes Inc., Squarepoint Ops LLC, Invesco Ltd., and Schroder Investment Management Group. Company insiders that have bought Plantronics stock in the last two years include Brian S Dexheimer, Charles D Boynton, Guido Jouret, and Robert C Hagerty. View insider buying and selling activity for Plantronics.

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 $13.03.

Plantronics has a market capitalization of $520.29 million and generates $1.70 billion in revenue each year. The technology company earns $-135,560,000.00 in net income (profit) each year or $1.99 on an earnings per share basis. Plantronics employs 7,490 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]