Plantronics (NYSE:PLT) Given Media Impact Score of 0.03
Headlines about Plantronics (NYSE:PLT) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Plantronics earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 47.0904321141072 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Shares in Plantronics, Inc. (PLT) Acquired by OppenheimerFunds Inc (overnewsmagazine.com)
- Plantronics, Inc. (PLT) Shares Sold by Whittier Trust Co (bulhufas.com)
- Stock Repurchase Program Initiated by Plantronics (PLT) Board of Directors (overnewsmagazine.com)
- The Plantronics, Inc. (PLT) Releases Q2 Earnings Guidance (campdesrecrues.com)
- Plantronics, Inc. breached its 50 day moving average in a Bearish Manner : PLT-US : July 31, 2017 (finance.yahoo.com)
PLT has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Plantronics from a “hold” rating to a “sell” rating in a research note on Saturday, May 6th. J P Morgan Chase & Co raised shares of Plantronics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $59.00 to $63.00 in a research note on Thursday, June 1st. BidaskClub lowered shares of Plantronics from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Northland Securities set a $57.00 price target on shares of Plantronics and gave the company a “buy” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $58.25.
Plantronics (NYSE:PLT) opened at 44.73 on Monday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.18 and a beta of 1.27. The company has a 50-day moving average of $52.41 and a 200-day moving average of $53.69. Plantronics has a 52 week low of $43.51 and a 52 week high of $58.27.
Plantronics (NYSE:PLT) last issued its earnings results on Thursday, July 27th. The technology company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.05. Plantronics had a return on equity of 21.31% and a net margin of 9.40%. The company had revenue of $203.90 million for the quarter, compared to analyst estimates of $217.11 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Analysts anticipate that Plantronics will post $2.97 earnings per share for the current year.
Plantronics declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 1.34%. Plantronics’s payout ratio is currently 24.29%.
In other Plantronics news, Director Marvin Tseu sold 3,546 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $54.50, for a total transaction of $193,257.00. Following the transaction, the director now directly owns 20,084 shares in the company, valued at $1,094,578. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marshall Mohr sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $53.14, for a total transaction of $159,420.00. Following the transaction, the director now owns 22,384 shares in the company, valued at $1,189,485.76. The disclosure for this sale can be found here. Insiders have sold 6,586 shares of company stock worth $354,913 over the last 90 days. 3.20% of the stock is currently owned by company insiders.
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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