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 shares have increased by 47.0% and is now trading at $14.70. View which stocks have been most impacted by Coronavirus.

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." 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) announced its quarterly earnings results on Wednesday, May, 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.19. The technology company had revenue of $409 million for the quarter, compared to analyst estimates of $384.29 million. Plantronics had a negative net margin of 47.85% and a positive return on equity of 17.44%. The company's revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. View Plantronics' earnings history.

Plantronics declared 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 yield of 4.08%. The ex-dividend date 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 allows the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Plantronics issued an update on its first quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (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.

5 equities research analysts have issued 12 month target prices for Plantronics' shares. Their forecasts range from $10.00 to $22.00. On average, they anticipate Plantronics' stock price to reach $15.75 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price. View analysts' price targets for Plantronics.

Media stories about PLT stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plantronics earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Plantronics.

Plantronics saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 6,030,000 shares, an increase of 23.6% from the May 31st total of 4,880,000 shares. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is currently 4.8 days. Currently, 18.5% of the shares of the company are short sold. View Plantronics' Current Options Chain.

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), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN) and ADTRAN (ADTN). 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."

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 $14.70.

Plantronics has a market capitalization of $598.05 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]