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. Since then, PLT stock has increased by 87.5% and is now trading at $18.75.
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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."
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Plantronics is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Plantronics Inc (NYSE:PLT) issued its quarterly earnings results on Tuesday, July, 28th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.67. The technology company had revenue of $365 million for the quarter, compared to the consensus estimate of $353.03 million. Plantronics had a negative net margin of 52.48% and a positive return on equity of 17.30%. The company's revenue was down 18.5% on a year-over-year basis. During the same period last year, the company earned $1.32 EPS.
View Plantronics' earnings history.

Plantronics announced a quarterly dividend on Tuesday, February 4th. Shareholders 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 3.20%. 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 share buyback plan on Thursday, November 29th 2018, which authorizes the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Plantronics issued an update on its second quarter earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $0.25-$0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.41. The company issued revenue guidance of $346-$386 million, compared to the consensus revenue estimate of $395.23 million.

5 Wall Street analysts have issued 12-month price targets for Plantronics' stock. Their forecasts range from $10.00 to $22.00. On average, they expect Plantronics' share price to reach $15.75 in the next year. This suggests that the stock has a possible downside of 16.0%.
View analysts' price targets for Plantronics.

News articles about PLT stock have been trending positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Plantronics earned a news impact score of 2.7 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Plantronics.

Plantronics saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 4,990,000 shares, an increase of 40.2% from the January 31st total of 3,560,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 15.2% of the shares of the company are short sold.
View Plantronics' Short Interest.

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), Harmonic (HLIT) and Ribbon Communications (RBBN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Plantronics investors own include NVIDIA (NVDA), Paypal (PYPL), Alibaba Group (BABA), Walt Disney (DIS), AT&T (T), Advanced Micro Devices (AMD), Carnival (CCL), Gilead Sciences (GILD), QUALCOMM (QCOM) and Verizon Communications (VZ).

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 shareholders include Pzena Investment Management LLC (2.12%), Federated Hermes Inc. (2.05%), Macquarie Group Ltd. (1.14%), Bank of New York Mellon Corp (0.90%), Principal Financial Group Inc. (0.61%) and Palisade Capital Management LLC NJ (0.58%). Company insiders that own Plantronics stock include Brian S Dexheimer, Charles D Boynton, 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 Pzena Investment Management LLC, Lapides Asset Management LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, Hanson & Doremus Investment Management, Eqis Capital Management Inc., Macquarie Group Ltd., and Teton Advisors Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Russell Investments Group Ltd., Rafferty Asset Management LLC, New York State Common Retirement Fund, UBS Group AG, Leap Investments LP, Teza Capital Management LLC, and First Trust Advisors LP. 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 $18.75.

Plantronics has a market capitalization of $763.95 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]