Plantronics Director Unloads $236,600 in Stock (PLT)
Plantronics (NYSE:PLT) Director Brian S. Dexheimer unloaded 5,000 shares of Plantronics stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $47.32, for a total transaction of $236,600.00. Following the sale, the director now directly owns 12,840 shares in the company, valued at approximately $607,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Plantronics (NYSE:PLT) traded down 0.99% on Friday, hitting $46.79. 121,680 shares of the company’s stock traded hands. Plantronics has a 1-year low of $41.14 and a 1-year high of $49.87. The stock has a 50-day moving average of $47.4 and a 200-day moving average of $45.00. The company has a market cap of $1.947 billion and a P/E ratio of 17.83.
Plantronics (NYSE:PLT) last released its earnings data on Tuesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.08. The company had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.95 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Plantronics will post $3.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders 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 1.27%. The ex-dividend date of this dividend is Monday, August 18th.
A number of research firms have recently commented on PLT. Analysts at Roth Capital raised their price target on shares of Plantronics from $53.00 to $55.00 in a research note on Thursday, July 31st. Separately, analysts at Zacks upgraded shares of Plantronics from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $50.40 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of Plantronics from $51.00 to $53.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Plantronics has a consensus rating of “Buy” and an average target price of $54.20.
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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