News stories about Plantronics (NYSE:PLT) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Plantronics earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.8128478043945 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts recently issued reports on the company. TheStreet upgraded Plantronics from a “c” rating to a “b-” rating in a research report on Thursday, May 24th. ValuEngine upgraded Plantronics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 23rd. Finally, Sidoti upgraded Plantronics from a “neutral” rating to a “buy” rating in a research report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $60.00.
Shares of Plantronics opened at $76.67 on Thursday, MarketBeat Ratings reports. The company has a quick ratio of 6.62, a current ratio of 7.17 and a debt-to-equity ratio of 1.40. Plantronics has a 1 year low of $41.28 and a 1 year high of $78.14. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 28.29 and a beta of 1.25.
Plantronics (NYSE:PLT) last announced its quarterly earnings results on Tuesday, May 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.25. Plantronics had a positive return on equity of 24.88% and a negative net margin of 0.10%. The company had revenue of $216.10 million during the quarter, compared to analyst estimates of $208.49 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts expect that Plantronics will post 2.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. Plantronics’s dividend payout ratio (DPR) is presently 22.14%.
In other Plantronics news, Director Brian S. Dexheimer sold 500 shares of the business’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $61.90, for a total transaction of $30,950.00. Following the completion of the transaction, the director now owns 15,002 shares in the company, valued at approximately $928,623.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greggory C. Hammann sold 2,000 shares of the business’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $73.20, for a total value of $146,400.00. Following the transaction, the director now owns 18,634 shares of the company’s stock, valued at approximately $1,364,008.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,996 shares of company stock valued at $673,269 in the last quarter. 1.70% of the stock is currently owned by insiders.
Plantronics, Inc designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company also manufactures and markets specialty telephone products under the Clarity brand.
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