Plantronics Inc. (PLT) Declares Quarterly Dividend of $0.10
Plantronics (NYSE:PLT) announced a quarterly dividend on Tuesday, January 28th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.10 per share on Monday, March 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, February 18th.
A number of research firms have recently commented on PLT. 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. Finally, analysts at Roth Capital cut their price target on shares of Plantronics from $53.00 to $50.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Plantronics currently has a consensus rating of “Buy” and a consensus target price of $50.88.
Shares of Plantronics (NYSE:PLT) traded down 1.38% on Tuesday, hitting $43.00. The stock had a trading volume of 354,002 shares. Plantronics has a 1-year low of $38.45 and a 1-year high of $49.84. The stock has a 50-day moving average of $44.60 and a 200-day moving average of $45.25. The company has a market cap of $1.841 billion and a price-to-earnings ratio of 17.59.
Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.21. 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Plantronics will post $2.64 EPS for the current fiscal year.
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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