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Plantronics (NYSE:PLT) issued its quarterly earnings data on Tuesday. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.08, StockRatingsNetwork reports. The company had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.95 million. During the same quarter last year, the company posted $0.70 earnings per share. Plantronics’s revenue was up 6.9% compared to the same quarter last year. Plantronics updated its Q2 guidance to $0.72-0.80 EPS.

Shares of Plantronics (NYSE:PLT) traded up 2.61% during mid-day trading on Tuesday, hitting $47.89. 418,406 shares of the company’s stock traded hands. Plantronics has a 52 week low of $41.14 and a 52 week high of $49.87. The stock has a 50-day moving average of $47.39 and a 200-day moving average of $44.79. The company has a market cap of $1.986 billion and a price-to-earnings ratio of 18.02.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 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 1.28%.

PLT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Plantronics from $49.00 to $56.00 in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Analysts at Roth Capital raised their price target on shares of Plantronics from $52.00 to $53.00 in a research note on Tuesday, July 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $53.50.

Plantronics, Inc (NYSE:PLT) is a global designer, manufacturer, and marketer of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics brand.

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