Plantronics (PLT) Set to Announce Earnings on Monday

Plantronics (NYSE:PLT) will release its earnings data after the market closes on Monday, January 29th. Plantronics has set its Q3 guidance at $0.75-0.85 EPS.

Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, October 31st. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Plantronics had a return on equity of 20.12% and a net margin of 9.41%. On average, analysts expect Plantronics to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Plantronics (NYSE:PLT) opened at $55.07 on Monday. 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 company has a market capitalization of $1,820.94, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. Plantronics has a twelve month low of $41.28 and a twelve month high of $58.27.

In related news, Director John Hart sold 21,083 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $583,100.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph B. Burton sold 3,188 shares of the company’s stock in a transaction that occurred 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 owns 92,373 shares in the company, valued at approximately $4,791,387.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,145 shares of company stock valued at $1,420,777. 3.20% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on PLT. Northland Securities set a $60.00 price objective on Plantronics and gave the stock a “buy” rating in a report on Friday, January 12th. Sidoti raised Plantronics from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, January 2nd. TheStreet raised Plantronics from a “c+” rating to a “b” rating in a report on Friday, November 24th. Roth Capital set a $55.00 target price on Plantronics and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Plantronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.75.

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About Plantronics

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.

Earnings History for Plantronics (NYSE:PLT)

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