Equities research analysts predict that Plantronics, Inc. (NYSE:PLT) will announce sales of $220.40 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Plantronics’ earnings. The highest sales estimate is $221.00 million and the lowest is $219.73 million. Plantronics reported sales of $232.93 million in the same quarter last year, which indicates a negative year-over-year growth rate of 5.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Plantronics will report full-year sales of $220.40 million for the current financial year, with estimates ranging from $837.11 million to $847.84 million. For the next fiscal year, analysts anticipate that the company will post sales of $854.87 million per share, with estimates ranging from $837.00 million to $865.58 million. Zacks’ sales averages are an average based on a survey of analysts that cover Plantronics.

A number of research analysts have recently weighed in on the company. TheStreet raised Plantronics from a “c+” rating to a “b” rating in a research note on Friday, November 24th. Zacks Investment Research raised Plantronics from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Roth Capital set a $55.00 price target on Plantronics and gave the company a “buy” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.33.

Plantronics (PLT) traded down $0.88 during trading hours on Friday, reaching $51.48. The company’s stock had a trading volume of 166,415 shares, compared to its average volume of 204,863. Plantronics has a 12-month low of $41.28 and a 12-month high of $58.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 5.90 and a current ratio of 6.44. The firm has a market cap of $1,700.00, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.59 and a beta of 1.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 17th. Plantronics’s dividend payout ratio (DPR) is currently 24.59%.

In other news, Director John Hart sold 21,083 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $52.56, for a total value of $1,108,122.48. Following the transaction, the director now owns 11,094 shares of the company’s stock, valued at approximately $583,100.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph B. Burton sold 3,188 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.87, for a total value of $165,361.56. Following the completion of the transaction, the chief executive officer now directly owns 92,373 shares in the company, valued at approximately $4,791,387.51. The disclosure for this sale can be found here. In the last three months, insiders sold 27,145 shares of company stock worth $1,420,777. 3.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its position in shares of Plantronics by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,839 shares of the technology company’s stock valued at $201,000 after buying an additional 31 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Plantronics by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,880 shares of the technology company’s stock worth $255,000 after purchasing an additional 33 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Plantronics by 0.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,753 shares of the technology company’s stock worth $253,000 after purchasing an additional 34 shares in the last quarter. Amalgamated Bank increased its holdings in Plantronics by 5.0% during the 2nd quarter. Amalgamated Bank now owns 4,788 shares of the technology company’s stock worth $250,000 after purchasing an additional 230 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Plantronics by 0.6% during the 2nd quarter. Retirement Systems of Alabama now owns 43,106 shares of the technology company’s stock worth $2,255,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.

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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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Earnings History and Estimates for Plantronics (NYSE:PLT)

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