Plantronics PT Raised to $53.00 (PLT)
Equities researchers at Roth Capital boosted their price objective on shares of Plantronics (NYSE:PLT) from $52.00 to $53.00 in a research report issued on Tuesday. Roth Capital’s target price would indicate a potential upside of 7.35% from the stock’s previous close.
Shares of Plantronics (NYSE:PLT) traded up 2.75% on Tuesday, hitting $49.37. The stock had a trading volume of 355,342 shares. Plantronics has a one year low of $41.14 and a one year high of $49.85. The stock has a 50-day moving average of $45.82 and a 200-day moving average of $44.43. The company has a market cap of $2.048 billion and a P/E ratio of 18.55.
Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue 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.
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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