Plantronics, Inc. (PLT) Scheduled to Post Earnings on Monday
Plantronics, Inc. (NYSE:PLT) is scheduled to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Plantronics to post earnings of $0.81 per share for the quarter. Plantronics has set its Q2 guidance at $0.61-0.71 EPS.
Plantronics (NYSE:PLT) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The business had revenue of $203.90 million during the quarter, compared to the consensus estimate of $217.11 million. Plantronics had a net margin of 9.40% and a return on equity of 21.31%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. On average, analysts expect Plantronics to post $2.32 EPS for the current fiscal year and $2.59 EPS for the next fiscal year.
Plantronics, Inc. (NYSE PLT) opened at 45.96 on Monday. Plantronics, Inc. has a 52 week low of $41.28 and a 52 week high of $58.27. The company has a market cap of $1.49 billion, a P/E ratio of 18.68 and a beta of 1.28. The firm has a 50-day moving average price of $43.97 and a 200-day moving average price of $49.36.
Plantronics declared that its board has authorized a stock buyback program on Thursday, July 27th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have recently weighed in on PLT. Northland Securities set a $57.00 price target on Plantronics and gave the stock a “buy” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co cut Plantronics from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $63.00 to $60.00 in a research note on Friday, July 28th. Zacks Investment Research upgraded Plantronics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub cut Plantronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, TheStreet cut Plantronics from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Plantronics has a consensus rating of “Hold” and an average price target of $60.00.
Plantronics Company Profile
Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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