Plantronics, Inc. (NYSE:PLT) is scheduled to be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect Plantronics to post earnings of $0.81 per share for the quarter.
Plantronics (NYSE:PLT) last issued its earnings results on Thursday, July 27th. The technology company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). The company had revenue of $203.90 million for the quarter, compared to analysts’ expectations of $217.11 million. Plantronics had a net margin of 9.40% and a return on equity of 21.31%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, analysts expect Plantronics to post $2.88 EPS for the current fiscal year and $3.21 EPS for the next fiscal year.
Shares of Plantronics, Inc. (PLT) opened at 46.32 on Friday. Plantronics, Inc. has a one year low of $41.28 and a one year high of $58.27. The stock has a market capitalization of $1.51 billion, a PE ratio of 18.83 and a beta of 1.28. The company’s 50-day moving average price is $44.21 and its 200 day moving average price is $49.18.
Plantronics declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 27th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Plantronics from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub lowered Plantronics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. JPMorgan Chase & Co. lowered Plantronics from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $63.00 to $60.00 in a research report on Friday, July 28th. TheStreet lowered Plantronics from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Finally, Northland Securities set a $57.00 target price on Plantronics and gave the company a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Plantronics currently has a consensus rating of “Hold” and an average price target of $60.00.
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Plantronics Company Profile
Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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