Shares of Plantronics Inc (NYSE:PLT) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $58.75.
PLT has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Plantronics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Roth Capital set a $55.00 target price on shares of Plantronics and gave the company a “buy” rating in a research report on Wednesday, November 1st. TheStreet raised shares of Plantronics from a “c+” rating to a “b” rating in a research report on Friday, November 24th. Sidoti raised shares of Plantronics from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, Northland Securities set a $60.00 target price on shares of Plantronics and gave the company a “buy” rating in a research report on Friday, January 12th.
In other Plantronics news, Director Maria Martinez sold 2,874 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.25, for a total transaction of $147,292.50. Following the transaction, the director now directly owns 7,389 shares of the company’s stock, valued at approximately $378,686.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Hart sold 21,083 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $52.56, for a total transaction of $1,108,122.48. Following the transaction, the director now directly owns 11,094 shares in the company, valued at $583,100.64. The disclosure for this sale can be found here. Insiders sold a total of 27,145 shares of company stock worth $1,420,777 over the last ninety days. Insiders own 3.20% of the company’s stock.
Shares of Plantronics (NYSE PLT) opened at $55.07 on Friday. Plantronics has a 52-week low of $41.28 and a 52-week high of $58.27. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.44 and a quick ratio of 5.90. The company has a market cap of $1,806.07, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31.
Plantronics (NYSE:PLT) last announced its quarterly earnings data on Tuesday, October 31st. The technology company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.10. Plantronics had a net margin of 9.41% and a return on equity of 20.12%. equities research analysts anticipate that Plantronics will post 2.19 earnings per share for the current year.
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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