Plantronics CEO Unloads $779,995 in Stock (PLT)
Plantronics (NYSE:PLT) CEO S Kenneth Kannappan unloaded 17,631 shares of Plantronics stock on the open market in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $44.24, for a total transaction of $779,995.44. Following the transaction, the chief executive officer now directly owns 155,782 shares in the company, valued at approximately $6,891,796. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Plantronics (NYSE:PLT) traded down 1.53% during mid-day trading on Tuesday, hitting $43.70. The stock had a trading volume of 260,041 shares. Plantronics has a 52 week low of $41.14 and a 52 week high of $49.84. The stock’s 50-day moving average is $43.22 and its 200-day moving average is $43.86. The company has a market cap of $1.830 billion and a P/E ratio of 17.14.
Plantronics (NYSE:PLT) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.09. The company had revenue of $209.10 million for the quarter, compared to the consensus estimate of $204.37 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Plantronics will post $3.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Plantronics’s previous quarterly dividend of $0.10.
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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