Raymond James Upgrades Plantronics to Outperform (PLT)
Plantronics (NYSE:PLT) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Plantronics (NYSE:PLT) opened at 44.60 on Thursday. Plantronics has a 52 week low of $30.90 and a 52 week high of $48.53. The stock has a 50-day moving average of $44.87 and a 200-day moving average of $44.70. The company has a market cap of $1.904 billion and a P/E ratio of 17.43.
Plantronics (NYSE:PLT) last released its earnings data on Tuesday, August 6th. The company reported $0.70 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.70. The company had revenue of $202.80 million for the quarter, compared to the consensus estimate of $201.25 million. During the same quarter last year, the company posted $0.63 earnings per share. Plantronics’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that Plantronics will post $2.87 EPS for the current fiscal year.
In other Plantronics news, Insider Renee Niemi sold 5,000 shares of the stock on the open market in a transaction dated Thursday, August 29th. The stock was sold at an average price of $43.71, for a total value of $218,550.00. Following the sale, the insider now directly owns 47,079 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Plantronics, Inc is a designer, manufacturer and marketer of lightweight communications headsets, telephone headset systems and accessories for the worldwide business and consumer markets under the Plantronics brand.
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