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 (WHO). Since then, PLT shares have decreased by 4.7% and is now trading at $9.53. 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) announced its earnings results on Tuesday, February, 4th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.16. The technology company earned $392 million during the quarter, compared to analyst estimates of $399.15 million. Plantronics had a positive return on equity of 19.10% and a negative net margin of 9.69%. Plantronics's revenue for the quarter was down 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. View Plantronics' earnings history.

Plantronics announced 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 6.30%. The ex-dividend date of this dividend is Wednesday, February 19th. View Plantronics' dividend history.

Plantronics declared that its board has initiated a stock repurchase plan on Thursday, November 29th 2018, which authorizes the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Plantronics issued an update on 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 Wall Street analysts have issued 12 month price objectives for Plantronics' stock. Their forecasts range from $12.00 to $83.00. On average, they expect Plantronics' share price to reach $42.83 in the next twelve months. This suggests a possible upside of 349.5% from the stock's current price. View analysts' price targets for Plantronics.

Media coverage about PLT stock has been trending very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Plantronics earned a daily sentiment score of -3.3 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 impact on the company's share price in the near term. View the latest news aboutPlantronics.

Plantronics saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,853,300 shares, a drop of 12.9% from the February 27th total of 5,570,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 4.1 days. Currently, 15.1% of the shares of the 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 number of retail and institutional 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 bought 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 $9.53.

Plantronics has a market capitalization of $380.53 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]