Equities analysts forecast that Plantronics Inc (NYSE:PLT) will report earnings per share (EPS) of $0.82 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Plantronics’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.83. Plantronics reported earnings per share of $0.81 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The company is expected to report its next quarterly earnings report on Monday, May 7th.
On average, analysts expect that Plantronics will report full-year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.31 to $3.35. For the next year, analysts anticipate that the business will report earnings of $3.51 per share, with EPS estimates ranging from $3.50 to $3.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Plantronics.
Plantronics (NYSE:PLT) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $226.50 million for the quarter, compared to analyst estimates of $220.17 million. Plantronics had a return on equity of 22.22% and a net margin of 1.03%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share.
Plantronics (PLT) traded up $0.24 during trading on Monday, reaching $59.11. The company’s stock had a trading volume of 126,112 shares, compared to its average volume of 183,290. The firm has a market capitalization of $1,960.00, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.56 and a beta of 1.39. Plantronics has a one year low of $41.28 and a one year high of $60.49. The company has a current ratio of 6.76, a quick ratio of 6.16 and a debt-to-equity ratio of 1.50.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. Plantronics’s payout ratio is currently 25.21%.
In other news, Director Brian S. Dexheimer sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $58.52, for a total transaction of $146,300.00. Following the completion of the sale, the director now owns 18,002 shares in the company, valued at $1,053,477.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Burton sold 5,117 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $57.51, for a total value of $294,278.67. Following the completion of the sale, the chief executive officer now owns 89,685 shares of the company’s stock, valued at approximately $5,157,784.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,799 shares of company stock valued at $508,823. 3.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Plantronics by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 858,695 shares of the technology company’s stock valued at $37,972,000 after purchasing an additional 18,134 shares during the last quarter. LSV Asset Management increased its holdings in Plantronics by 2.6% in the fourth quarter. LSV Asset Management now owns 595,194 shares of the technology company’s stock valued at $29,985,000 after purchasing an additional 14,900 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Plantronics by 11.1% in the fourth quarter. Macquarie Group Ltd. now owns 594,982 shares of the technology company’s stock valued at $29,975,000 after purchasing an additional 59,476 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Plantronics by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 337,300 shares of the technology company’s stock valued at $16,993,000 after purchasing an additional 36,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Plantronics by 7.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 311,399 shares of the technology company’s stock valued at $15,689,000 after purchasing an additional 22,414 shares during the last quarter. Institutional investors and hedge funds own 94.12% 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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