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 stock has decreased by 2.5% and is now trading at $9.7539. 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) posted its quarterly earnings results on Tuesday, February, 4th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.16. The technology company had revenue of $392 million for 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 revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. 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 6.15%. The ex-dividend date is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its Board of Directors has approved a share repurchase program on Thursday, November 29th 2018, which permits the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Plantronics updated its fourth quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share 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 analysts have issued 1 year target prices for Plantronics' shares. Their forecasts range from $12.00 to $83.00. On average, they anticipate Plantronics' share price to reach $42.83 in the next year. This suggests a possible upside of 339.1% from the stock's current price. View analysts' price targets for Plantronics.

News headlines about PLT stock have been trending very negative on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of 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 -5 to 5, with scores nearest to five being the most favorable. Plantronics earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutPlantronics.

Plantronics saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,853,300 shares, a decline of 12.9% from the February 27th total of 5,570,000 shares. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 15.1% of the company's stock 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), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), Finisar (FNSR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Harmonic (HLIT) and ADTRAN (ADTN).

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."

Plantronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%). Company insiders that own Plantronics stock include Brian S Dexheimer, Charles D Boynton, Greggory C Hammann, Guido Jouret, Jeff Loebbaka, Joseph B Burton, Marshall Mohr, Marvin Tseu, Pamela J Strayer, Robert C Hagerty and Shantanu Sarkar. View institutional ownership trends for Plantronics.

PLT stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $9.75.

Plantronics has a market capitalization of $389.47 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]