NYSE:PLTPlantronics Stock Price, Forecast & News

$14.14

+0.56 (+4.12 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$13.40

Now: $14.14▼

$14.17

50-Day Range

$8.67

MA: $12.56▼

$14.59

52-Week Range

$4.60

Now: $14.14▼

$47.46

Volume644,444 shs

Average Volume1.23 million shs

Market Capitalization$564.58 million

P/E RatioN/A

Dividend Yield4.24%

Beta2.07

Plantronics, Inc. designs, manufactures, and markets integrated communications and collaborations solutions for consumers and businesses worldwide. The company offers its communications and collaboration solutions for voice, video, and content sharing, as well as a line of support and services for the workplace under the Polycom brand. Its principal product categories include enterprise headsets, which includes headsets optimized for unified communications and collaboration, other corded and cordless communication headsets, and audio processors and telephone systems; consumer headsets, which includes Bluetooth and corded products for mobile device applications, personal computer, and gaming; voice, video, and content sharing solutions that include products designed to work with a range of unified communication, unified communication as a service, and video as a service environments, including RealPresence collaboration solutions of infrastructure to endpoints that allows people to connect and collaborate worldwide; and support services, including hardware devices, professional, hosted, and managed services. The company sells its products through a sales team, as well as through a network of distributors and channel partners, including value-added resellers, integrators, direct marketing resellers, service providers, resellers, and retailers. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Plantronics has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 2 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.00, Plantronics has a potential upside of 190.0% from its current price of $14.14.
Amount of Analyst Coverage
Plantronics has only been the subject of 3 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Plantronics has received 337 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Plantronics has received 365 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Plantronics has received 51.99% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Plantronics and other stocks. Vote “Outperform” if you believe PLT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PLT will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Plantronics is a leading dividend payer. It pays a dividend yield of 4.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Plantronics does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Plantronics is 15.00 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Plantronics will have a dividend payout ratio of 40.54 % next year. This indicates that Plantronics will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plantronics insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Plantronics is held by insiders.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Plantronics are expected to grow by 2.07% in the coming year, from $1.45 to $1.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plantronics is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plantronics is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Plantronics has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.00 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Telephone & telegraph apparatus

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNYSE:PLT

Previous Symbol

CUSIP72749310

CIK914025

Webwww.poly.com

Phone831-426-5858

Debt

Debt-to-Equity Ratio2.76

Current Ratio1.42

Quick Ratio0.97

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio9.75

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.67 billion

Price / Sales0.34

Cash Flow$9.12 per share

Price / Cash Flow1.55

Book Value$18.28 per share

Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$4.00

Net Income$-135,560,000.00

Net Margins-9.69%

Return on Equity19.10%

Return on Assets4.10%

Miscellaneous

Employees7,490

Outstanding Shares39,928,000

Market Cap$564.58 million

Next Earnings Date5/27/2020 (Confirmed)

OptionableOptionable

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Plantronics (NYSE:PLT) Frequently Asked Questions

How has Plantronics' stock been impacted by COVID-19 (Coronavirus)?

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 increased by 41.4% and is now trading at $14.14. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Plantronics?

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.

When is Plantronics' next earnings date?

Plantronics is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for Plantronics.

How were Plantronics' earnings last quarter?

Plantronics Inc (NYSE:PLT) released its quarterly earnings data on Tuesday, February, 4th. The technology company reported $0.30 EPS for the quarter, topping the Zacks' 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 negative net margin of 9.69% and a positive return on equity of 19.10%. Plantronics's revenue for the quarter was down 26.2% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. View Plantronics' earnings history.

How often does Plantronics pay dividends? What is the dividend yield for Plantronics?

Plantronics announced a quarterly dividend on Tuesday, February 4th. Stockholders 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 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, February 19th. View Plantronics' dividend history.

How will Plantronics' stock buyback program work?

Plantronics announced that its Board of Directors has initiated a share buyback program 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

What guidance has Plantronics issued on next quarter's earnings?

Plantronics updated its fourth quarter 2020 After-Hours earnings guidance on Friday, May, 15th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $395-405 million, compared to the consensus revenue estimate of $386.91 million.

What price target have analysts set for PLT?

6 Wall Street analysts have issued 12-month target prices for Plantronics' shares. Their forecasts range from $10.00 to $83.00. On average, they expect Plantronics' stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 190.0% from the stock's current price. View analysts' price targets for Plantronics.

Has Plantronics been receiving favorable news coverage?

Media coverage about PLT stock has trended very negative on Tuesday, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Plantronics earned a news sentiment score of -3.0 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 near term. View the latest news aboutPlantronics.

Are investors shorting Plantronics?

Plantronics saw a increase in short interest during 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 trading volume of 1,480,000 shares, the short-interest ratio is currently 3.3 days. Currently, 15.5% of the company's shares are sold short. View Plantronics' Current Options Chain.

Who are some of Plantronics' key competitors?

Some companies that are related to Plantronics include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Calix (CALX), Ribbon Communications (RBBN) and Harmonic (HLIT). View all competitors.

What other stocks do shareholders of Plantronics own?

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).

Who are Plantronics' key executives?

Plantronics' management team includes the following people:

Mr. Joseph B. Burton, Pres, CEO & Director (Age 54)
Ms. Mary Huser, Exec. VP and Chief Legal & Compliance Officer (Age 55)
Ms. Pamela J. Strayer, Exec. VP & CFO (Age 51)
Mr. Jeff Loebbaka, Exec. VP of Global Sales (Age 57)
Mr. Shantanu Sarkar, Exec. VP & GM of Personal Systems Bus. (Age 50)

What is Plantronics' stock symbol?

Plantronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLT."

Who are Plantronics' major shareholders?

Plantronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling Plantronics stock?

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, Nisa Investment Advisors LLC, Wells Fargo & Company MN, First Trust Advisors LP, and JPMorgan Chase & Co.. 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.

Which major investors are buying Plantronics stock?

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.

How do I buy shares of 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.

What is Plantronics' stock price today?

One share of PLT stock can currently be purchased for approximately $14.14.

How big of a company is Plantronics?

Plantronics has a market capitalization of $564.58 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.

What is Plantronics' official website?

The official website for Plantronics is www.poly.com.

How can I contact Plantronics?

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff