Plantronics (PLT) Announces Quarterly Results
Plantronics (NYSE:PLT) posted its quarterly earnings results on Tuesday. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.13, Analyst Ratings Net reports. The company had revenue of $212.70 million for the quarter, compared to the consensus estimate of $205.50 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Plantronics from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $47.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Plantronics presently has an average rating of “Buy” and an average target price of $50.88.
Shares of Plantronics (NYSE:PLT) traded down 1.30% during mid-day trading on Wednesday, hitting $42.44. 225,859 shares of the company’s stock traded hands. Plantronics has a 52-week low of $39.04 and a 52-week high of $49.84. The stock has a 50-day moving average of $44.59 and a 200-day moving average of $45.21. The company has a market cap of $1.825 billion and a P/E ratio of 16.48.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Thursday, February 20th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, February 18th.
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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